Mixed options sentiment in Chevron (CVX), with shares up $1.33, or 0.74%, near $182.19. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.38. Implied volatility (IV30) dropped 0.69 near 24.09,and above the 52wk median, suggesting an expected daily move of $2.76. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at HSBC.
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