Mixed options sentiment in Chevron with shares up 3.45%

Mixed options sentiment in Chevron (CVX), with shares up $5.90, or 3.45%, near $177.09. Options volume running well above average with 105k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.48. Implied volatility (IV30) dropped 2.06 near 22.76,and above the 52wk median, suggesting an expected daily move of $2.54. Put-call skew flattened, suggesting a modestly bullish tone.The company announced earnings before the open on 2026-01-30with option markets having priced in a move of approximately 1.69%.