Mixed options sentiment in Chevron with shares down 0.85%

Mixed options sentiment in Chevron (CVX), with shares down $1.59 near $185.43. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.1 points near 28.3,in the top quartile of the past year, suggesting an expected daily move of $3.31. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at TPH&Co..Looking ahead: Chevron (CVX) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.