Moderately bullish activity in Chevron (CVX), with shares up $2.94, or 1.58%, near $188.97. Options volume roughly in line with average with 26k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 1.5 points near 29.04, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.46. Put-call skew flattened, suggesting a modestly bullish tone.
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