Mixed options sentiment in Chevron (CVX), with shares down 49c near $210.66. Options volume roughly in line with average with 52k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.8 points near 31.66, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.20. Put-call skew flattened, suggesting a modestly bullish tone.
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