Options volume is roughly in line with average,with 7570 contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.92.Implied volatility (IV30) dropped 0.52to 26.97,in the top quartile,suggesting an expected daily move of $2.33.Put-call skew flattened, suggesting a modestly bullish tone.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- BP-Shell deal would create European rival to Exxon, Chevron, Bloomberg says
- Chevron price target lowered to $169 from $211 at Argus
- Chevron’s Strong Financial Position and Strategic Growth Initiatives Reinforce Buy Rating
- Unusually active option classes on open May 6th
- Chevron downgraded to Sell from Buy at DZ Bank