Option traders moderately bearish in Chevron (CVX), with shares down 96c near $143.48. Options volume roughly in line with average with 43k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.98. Implied volatility (IV30) is higher by 0.1 points near 22.34,and above the 52wk median, suggesting an expected daily move of $2.02. Put-call skew steepened, indicating increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Trump Weekly: Trump demands oil prices be kept down
- Geopolitical Chaos Paves Way for ExxonMobil, Chevron, and ConocoPhillips to Capitalize
- Mixed options sentiment in Chevron with shares up 0.68%
- Chevron price target raised to $165 from $164 at Wells Fargo
- M&A News: Shell Stock (SHEL) Flows Higher After Battering Down $100B BP Takeover Talk