Chevron Corp Stock Options

CVX -  USA Stock  

USD 167.87  6.16  3.54%

Chevron Corp's option chain provides insight into all available option contracts written on Chevron Corp's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Chevron Corp's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Chevron option contract. View S&P 500 options
  
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Purchasing Chevron Corp options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Chevron calls. Remember, the seller must deliver Chevron Corp stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Chevron Corp

Analyzing Chevron Corp's in-the-money options over time can help investors to take a profitable long position in Chevron Corp regardless of its overall volatility. This is especially true when Chevron Corp's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Chevron Corp's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Chevron Corp's stock while costing only a fraction of its price.
Chevron Corp's latest option contracts expiring on 2022-05-20 are carrying combined implied volatility of 39.44 with a put-to-call open interest ratio of 0.62 over 96 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2022-05-20. The current put volume is at 5023, with calls trading at the volume of 12417. This yields a 0.4 put-to-call volume ratio. The Chevron Corp option chain provides detailed quote and price information for the current Chevron Corp option contracts. It shows all of Chevron Corp's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-05-20 Option Contracts

Chevron Corp option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Chevron Corp's lending market. For example, when Chevron Corp's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Chevron Corp, he or she must hedge the risk by shorting Chevron Corp stock over its option's life.
The chart above shows Chevron Corp's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Chevron Corp's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Chevron Corp's option, there is no secondary market available for investors to trade.

Chevron Corp Maximum Pain Price across 2022-05-20 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Chevron Corp close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Chevron Corp's stock options are financial instruments that give investors the right to buy or sell shares of Chevron Corp common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Chevron stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Chevron Corp's stock price goes up or down, the stock options follow.
Continue to Trending Equities.
Please note that buying 'in-the-money' options on Chevron Corp lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Chevron Corp's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Chevron Corp contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Chevron Stock moves the wrong way.
Net Income Common Stock is likely to drop to about 13.4 B in 2022

Chevron Corp In The Money Call Balance

When Chevron Corp's strike price is surpassing the current stock price, the option contract against Chevron Corp stock is said to be in the money. When it comes to buying Chevron Corp's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' options written on Chevron Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Chevron Current Options Market Mood

Chevron Corp's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Chevron Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Chevron Corp's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Chevron Corp's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Chevron Corp's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Chevron contract

Base on the Rule 16, the options market is currently suggesting that Chevron Corp will have an average daily up or down price movement of about 2.46% per day over the life of the 2022-05-20 option contract. With Chevron Corp trading at $167.87, that is roughly $4.14. If you think that the market is fully incorporating Chevron Corp's daily price movement you should consider buying Chevron Corp options at the current volatility level of 39.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Chevron Corp Option Chain

When Chevron Corp's strike price is surpassing the current stock price, the option contract against Chevron Corp stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
2022-05-202022-05-272022-06-032022-06-102022-06-172022-06-242022-07-012022-07-152022-08-192022-09-162022-10-212022-11-182022-12-162023-01-202023-06-162024-01-19
Chevron Corp's option chain is a display of a range of information that helps investors for ways to trade options on Chevron. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Chevron. It also shows strike prices and maturity days for a Chevron Corp against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2022-05-20 CALL at $60.00.98494.0E-442022-05-20111.65 - 113.6112.8In
Call
2022-05-20 CALL at $65.00.99462.0E-4492022-05-20106.7 - 109.5599.25In
Call
2022-05-20 CALL at $70.00.99711.0E-4522022-05-20101.7 - 104.495.95In
Call
2022-05-20 CALL at $75.00.98575.0E-482022-05-2097.4 - 98.487.05In
Call
2022-05-20 CALL at $80.00.98326.0E-4212022-05-2092.5 - 93.4577.3In
Call
2022-05-20 CALL at $85.00.98197.0E-412022-05-2087.4 - 88.4579.26In
Call
2022-05-20 CALL at $90.00.98377.0E-442022-05-2082.45 - 83.3565.75In
Call
2022-05-20 CALL at $95.00.98248.0E-412022-05-2077.45 - 78.350.0In
Call
2022-05-20 CALL at $100.00.97570.0011422022-05-2072.45 - 73.562.78In
Call
2022-05-20 CALL at $105.00.99723.0E-4542022-05-2067.55 - 68.567.0In
Call
2022-05-20 CALL at $110.00.98220.00111632022-05-2062.55 - 63.2557.82In
Call
2022-05-20 CALL at $115.00.98998.0E-42232022-05-2057.55 - 58.147.22In
Call
2022-05-20 CALL at $120.00.9760.00177432022-05-2052.65 - 53.351.8In
Call
2022-05-20 CALL at $125.00.97670.001919802022-05-2047.75 - 48.2545.73In
Call
2022-05-20 CALL at $130.00.97080.002424152022-05-2042.65 - 43.342.7In
Call
2022-05-20 CALL at $135.00.97520.002621402022-05-2037.65 - 38.239.65In
Call
2022-05-20 CALL at $140.00.99110.001514392022-05-2032.65 - 33.233.04In
Call
2022-05-20 CALL at $145.00.95790.004918412022-05-2027.65 - 28.329.68In
Call
2022-05-20 CALL at $146.00.940.0061152022-05-2026.45 - 27.518.6In
Call
2022-05-20 CALL at $147.00.93820.0064142022-05-2025.4 - 26.511.45In
Call
2022-05-20 CALL at $148.00.99230.0018762022-05-2024.6 - 25.4526.48In
Call
2022-05-20 CALL at $149.00.96340.01081162022-05-2023.65 - 24.214.55In
Call
2022-05-20 CALL at $150.00.96890.005215092022-05-2022.65 - 23.1524.8In
Call
2022-05-20 CALL at $152.50.95210.0075822022-05-2020.1 - 20.7521.75In
Call
2022-05-20 CALL at $155.00.94090.009548582022-05-2017.6 - 18.318.43In
Call
2022-05-20 CALL at $157.50.94860.01058142022-05-2015.15 - 15.714.2In
Call
2022-05-20 CALL at $160.00.96260.010733492022-05-2012.75 - 13.113.77In
Call
2022-05-20 CALL at $162.50.97250.011118192022-05-2010.1 - 10.810.55In
Call
2022-05-20 CALL at $165.00.9770.036556992022-05-207.9 - 8.258.03In
Call
2022-05-20 CALL at $167.50.8480.046817382022-05-205.55 - 6.05.91In
Call
2022-05-20 CALL at $170.00.74290.06964152022-05-203.6 - 3.953.7In
Call
2022-05-20 CALL at $172.50.54240.079425962022-05-202.14 - 2.392.23In
Call
2022-05-20 CALL at $175.00.35410.071388342022-05-201.17 - 1.251.23Out
Call
2022-05-20 CALL at $177.50.20050.053467012022-05-200.56 - 0.710.58Out
Call
2022-05-20 CALL at $180.00.11190.03444792022-05-200.27 - 0.320.3Out
Call
2022-05-20 CALL at $182.50.0570.01975202022-05-200.14 - 0.150.14Out
Call
2022-05-20 CALL at $185.00.03580.012314042022-05-200.08 - 0.110.09Out
Call
2022-05-20 CALL at $187.50.02620.00853832022-05-200.03 - 0.080.07Out
Call
2022-05-20 CALL at $190.00.01820.005850792022-05-200.03 - 0.060.05Out
Call
2022-05-20 CALL at $192.50.0080.00291552022-05-200.01 - 0.070.02Out
Call
2022-05-20 CALL at $195.00.01010.0036692022-05-200.01 - 0.030.03Out
Call
2022-05-20 CALL at $200.00.00360.001217162022-05-200.02 - 0.010.01Out
Call
2022-05-20 CALL at $210.00.0049.0E-414142022-05-200.01 - 0.020.01Out
 Put
2022-05-20 PUT at $120.0-0.00152.0E-414332022-05-200.02 - 0.010.01Out
 Put
2022-05-20 PUT at $125.0-0.0034.0E-419792022-05-200.01 - 0.030.02Out
 Put
2022-05-20 PUT at $130.0-0.00346.0E-450302022-05-200.01 - 0.020.02Out
 Put
2022-05-20 PUT at $135.0-0.00224.0E-426452022-05-200.01 - 0.040.01Out
 Put
2022-05-20 PUT at $140.0-0.00449.0E-414132022-05-200.01 - 0.060.02Out
 Put
2022-05-20 PUT at $145.0-0.00710.001630022022-05-200.02 - 0.030.03Out
 Put
2022-05-20 PUT at $146.0-0.00830.00181912022-05-200.01 - 0.060.15Out
 Put
2022-05-20 PUT at $147.0-0.00550.00143062022-05-200.01 - 0.040.02Out
 Put
2022-05-20 PUT at $148.0-0.00570.00152102022-05-200.01 - 0.060.02Out
 Put
2022-05-20 PUT at $149.0-0.01020.002415922022-05-200.03 - 0.050.04Out
 Put
2022-05-20 PUT at $150.0-0.01260.002940382022-05-200.04 - 0.060.05Out
 Put
2022-05-20 PUT at $152.5-0.01390.00359992022-05-200.05 - 0.070.05Out
 Put
2022-05-20 PUT at $155.0-0.02210.005547132022-05-200.08 - 0.10.08Out
 Put
2022-05-20 PUT at $157.5-0.03910.009113562022-05-200.12 - 0.150.15Out
 Put
2022-05-20 PUT at $160.0-0.06130.013737622022-05-200.21 - 0.240.24Out
 Put
2022-05-20 PUT at $162.5-0.09780.020310932022-05-200.35 - 0.410.4Out
 Put
2022-05-20 PUT at $165.0-0.15270.02936582022-05-200.61 - 0.710.72Out
 Put
2022-05-20 PUT at $167.5-0.24360.03795322022-05-201.08 - 1.221.22Out
 Put
2022-05-20 PUT at $170.0-0.35030.044920432022-05-201.81 - 2.062.0Out
 Put
2022-05-20 PUT at $172.5-0.46920.04632162022-05-202.96 - 3.23.2Out
 Put
2022-05-20 PUT at $175.0-0.57880.04326662022-05-204.35 - 4.84.75In
 Put
2022-05-20 PUT at $177.5-0.66860.03751772022-05-206.3 - 6.95.54In
 Put
2022-05-20 PUT at $180.0-0.75580.03272362022-05-208.35 - 9.08.4In
 Put
2022-05-20 PUT at $182.5-0.77360.0254132022-05-2010.55 - 11.5512.65In
 Put
2022-05-20 PUT at $185.0-0.7910.02091512022-05-2013.2 - 13.8513.61In
 Put
2022-05-20 PUT at $190.0-0.82930.01562432022-05-2018.15 - 18.834.25In
 Put
2022-05-20 PUT at $195.0-0.84160.0123432022-05-2023.3 - 23.940.25In
 Put
2022-05-20 PUT at $200.0-0.86320.01011262022-05-2028.15 - 28.837.25In
 Put
2022-05-20 PUT at $205.0-0.87540.008582022-05-2032.95 - 33.950.0In
 Put
2022-05-20 PUT at $210.0-0.88150.0074352022-05-2038.1 - 38.941.85In
 Put
2022-05-20 PUT at $220.0-0.9030.00575322022-05-2047.95 - 48.748.38In
 Put
2022-05-20 PUT at $230.0-0.90970.004762022-05-2057.8 - 58.950.0In
 Put
2022-05-20 PUT at $240.0-0.91240.004102022-05-2068.0 - 68.950.0In
 Put
2022-05-20 PUT at $250.0-0.920.003522022-05-2077.9 - 78.9587.25In
 Put
2022-05-20 PUT at $260.0-0.92550.003192022-05-2087.85 - 88.9591.75In

Chevron Corp Net Income Common Stock Over Time

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends.
 Net Income Common Stock 
Share
      Timeline 

Chevron Corp Net Income Common Stock USD Over Time

Net Income Common Stock in USD; converted by US Dollar Exchange Rate.
 Net Income Common Stock USD 
Share
      Timeline 

Chevron Corp Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Chevron Corp, understanding its historical liability is critical in projecting Chevron Corp's future earnings, especially during periods of low and high inflation and deflation. Many analysts look at the trend in assets and liabilities and evaluate how Chevron Corp uses its financing power over time.

Chevron Corp Investors Sentiment

The influence of Chevron Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chevron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Chevron Corp Implied Volatility

    
  39.44  
Chevron Corp's implied volatility exposes the market's sentiment of Chevron Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chevron Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Chevron Corp stock will not fluctuate a lot when Chevron Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chevron Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chevron Corp's short interest history, or implied volatility extrapolated from Chevron Corp options trading.

Current Sentiment - CVX

Chevron Corp Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Chevron Corp. What is your opinion about investing in Chevron Corp? Are you bullish or bearish?
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Bearish
98% Bullish
2% Bearish
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Pair Trading with Chevron Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chevron Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chevron Corp will appreciate offsetting losses from the drop in the long position's value.

Chevron Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chevron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chevron Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Chevron Corp information on this page should be used as a complementary analysis to other Chevron Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Chevron Corp price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Chevron Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.