CVX220520P00177500 Option on Chevron Corp
| CVX Stock | USD 157.59 1.37 0.86% |
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.
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 2024-04-19 are carrying combined implied volatility of 26.06 with a put-to-call open interest ratio of 0.42 over 92 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-04-19. The current put volume is at 7551, with calls trading at the volume of 29788. This yields a 0.25 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 2024-04-19 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.
2024-04-19
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 2024-04-19 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. 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.
At this time, Chevron Corp's Common Stock Shares Outstanding is fairly stable compared to the past year. Stock Based Compensation is likely to rise to about 135.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 107.1 B in 2024. 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' option contracts 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 1.63% per day over the life of the 2024-04-19 option contract. With Chevron Corp trading at USD 157.59, that is roughly USD 2.57. 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 26.06%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Chevron |
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.
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.
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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. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-04-19 CALL at $75.0 | 0.9951 | 4.0E-4 | 0 | 2024-04-19 | 82.05 - 86.0 | 75.6 | In |
Call | 2024-04-19 CALL at $80.0 | 0.9516 | 0.0013 | 0 | 2024-04-19 | 76.9 - 80.8 | 71.3 | In |
Call | 2024-04-19 CALL at $85.0 | 0.9894 | 6.0E-4 | 0 | 2024-04-19 | 72.25 - 76.0 | 0.0 | In |
Call | 2024-04-19 CALL at $90.0 | 0.9407 | 0.0018 | 0 | 2024-04-19 | 66.9 - 70.95 | 60.6 | In |
Call | 2024-04-19 CALL at $95.0 | 0.9377 | 0.002 | 0 | 2024-04-19 | 62.0 - 65.85 | 0.0 | In |
Call | 2024-04-19 CALL at $100.0 | 0.988 | 0.0017 | 1 | 2024-04-19 | 57.25 - 60.95 | 61.73 | In |
Call | 2024-04-19 CALL at $105.0 | 0.9925 | 7.0E-4 | 0 | 2024-04-19 | 52.05 - 56.0 | 0.0 | In |
Call | 2024-04-19 CALL at $110.0 | 0.9972 | 4.0E-4 | 7 | 2024-04-19 | 46.95 - 51.0 | 45.28 | In |
Call | 2024-04-19 CALL at $115.0 | 0.9912 | 0.001 | 0 | 2024-04-19 | 42.05 - 46.0 | 46.45 | In |
Call | 2024-04-19 CALL at $120.0 | 0.9851 | 0.0017 | 5 | 2024-04-19 | 37.2 - 40.95 | 30.35 | In |
Call | 2024-04-19 CALL at $125.0 | 0.9894 | 0.0016 | 5 | 2024-04-19 | 32.05 - 36.0 | 33.82 | In |
Call | 2024-04-19 CALL at $130.0 | 0.8784 | 0.0068 | 134 | 2024-04-19 | 27.0 - 30.9 | 31.38 | In |
Call | 2024-04-19 CALL at $135.0 | 0.8677 | 0.0085 | 297 | 2024-04-19 | 22.35 - 25.75 | 23.96 | In |
Call | 2024-04-19 CALL at $137.0 | 0.9187 | 0.0085 | 0 | 2024-04-19 | 21.65 - 23.65 | 0.0 | In |
Call | 2024-04-19 CALL at $138.0 | 0.8669 | 0.01 | 0 | 2024-04-19 | 19.3 - 22.5 | 0.0 | In |
Call | 2024-04-19 CALL at $139.0 | 0.9856 | 0.0036 | 0 | 2024-04-19 | 18.35 - 21.7 | 0.0 | In |
Call | 2024-04-19 CALL at $140.0 | 0.9643 | 0.0068 | 1179 | 2024-04-19 | 18.3 - 20.7 | 19.14 | In |
Call | 2024-04-19 CALL at $141.0 | 0.9792 | 0.0052 | 0 | 2024-04-19 | 16.2 - 19.9 | 0.0 | In |
Call | 2024-04-19 CALL at $142.0 | 0.8414 | 0.0127 | 0 | 2024-04-19 | 15.25 - 18.65 | 0.0 | In |
Call | 2024-04-19 CALL at $143.0 | 0.972 | 0.0071 | 3 | 2024-04-19 | 14.15 - 18.0 | 14.05 | In |
Call | 2024-04-19 CALL at $144.0 | 0.9708 | 0.0078 | 5 | 2024-04-19 | 13.3 - 16.85 | 11.5 | In |
Call | 2024-04-19 CALL at $145.0 | 0.8451 | 0.0157 | 1697 | 2024-04-19 | 12.95 - 15.25 | 13.81 | In |
Call | 2024-04-19 CALL at $146.0 | 0.9516 | 0.012 | 2 | 2024-04-19 | 11.4 - 14.9 | 0.0 | In |
Call | 2024-04-19 CALL at $147.0 | 0.9599 | 0.0118 | 8 | 2024-04-19 | 10.35 - 13.85 | 14.18 | In |
Call | 2024-04-19 CALL at $148.0 | 0.7995 | 0.0196 | 7 | 2024-04-19 | 9.45 - 12.65 | 10.46 | In |
Call | 2024-04-19 CALL at $149.0 | 0.9956 | 0.0029 | 7 | 2024-04-19 | 8.4 - 11.85 | 9.99 | In |
Call | 2024-04-19 CALL at $150.0 | 0.9794 | 0.0107 | 4208 | 2024-04-19 | 8.4 - 10.05 | 9.02 | In |
Call | 2024-04-19 CALL at $152.5 | 0.8971 | 0.0337 | 391 | 2024-04-19 | 6.6 - 7.0 | 6.75 | In |
Call | 2024-04-19 CALL at $155.0 | 0.7907 | 0.0564 | 7848 | 2024-04-19 | 4.55 - 4.75 | 4.6 | In |
Call | 2024-04-19 CALL at $157.5 | 0.6271 | 0.0781 | 17175 | 2024-04-19 | 2.71 - 2.83 | 2.76 | In |
Call | 2024-04-19 CALL at $160.0 | 0.4234 | 0.0811 | 11735 | 2024-04-19 | 1.43 - 1.51 | 1.47 | Out |
Call | 2024-04-19 CALL at $162.5 | 0.2474 | 0.0636 | 3038 | 2024-04-19 | 0.69 - 0.73 | 0.72 | Out |
Call | 2024-04-19 CALL at $165.0 | 0.1319 | 0.0411 | 21522 | 2024-04-19 | 0.31 - 0.34 | 0.34 | Out |
Call | 2024-04-19 CALL at $167.5 | 0.0645 | 0.0233 | 1249 | 2024-04-19 | 0.13 - 0.15 | 0.15 | Out |
Call | 2024-04-19 CALL at $170.0 | 0.0285 | 0.0118 | 17883 | 2024-04-19 | 0.06 - 0.08 | 0.06 | Out |
Call | 2024-04-19 CALL at $172.5 | 0.0146 | 0.0063 | 193 | 2024-04-19 | 0.02 - 0.04 | 0.03 | Out |
Call | 2024-04-19 CALL at $175.0 | 0.0094 | 0.0039 | 874 | 2024-04-19 | 0.0 - 0.16 | 0.02 | Out |
Call | 2024-04-19 CALL at $177.5 | 0.0084 | 0.0032 | 23 | 2024-04-19 | 0.0 - 0.14 | 0.02 | Out |
Call | 2024-04-19 CALL at $180.0 | 0.0044 | 0.0017 | 547 | 2024-04-19 | 0.0 - 0.04 | 0.01 | Out |
Call | 2024-04-19 CALL at $200.0 | 0.0561 | 0.0051 | 4 | 2024-04-19 | 0.0 - 0.14 | 0.5 | Out |
Put | 2024-04-19 PUT at $130.0 | -0.0028 | 7.0E-4 | 1904 | 2024-04-19 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-04-19 PUT at $135.0 | -0.0058 | 0.0016 | 2949 | 2024-04-19 | 0.01 - 0.02 | 0.02 | Out |
Put | 2024-04-19 PUT at $140.0 | -0.0099 | 0.003 | 3669 | 2024-04-19 | 0.0 - 0.03 | 0.03 | Out |
Put | 2024-04-19 PUT at $141.0 | -0.0043 | 0.0017 | 15 | 2024-04-19 | 0.0 - 0.15 | 0.01 | Out |
Put | 2024-04-19 PUT at $142.0 | -0.0079 | 0.0029 | 56 | 2024-04-19 | 0.02 - 0.03 | 0.02 | Out |
Put | 2024-04-19 PUT at $143.0 | -0.0115 | 0.004 | 163 | 2024-04-19 | 0.02 - 0.04 | 0.03 | Out |
Put | 2024-04-19 PUT at $144.0 | -0.0136 | 0.0048 | 34 | 2024-04-19 | 0.03 - 0.04 | 0.05 | Out |
Put | 2024-04-19 PUT at $145.0 | -0.0217 | 0.0071 | 7382 | 2024-04-19 | 0.03 - 0.06 | 0.06 | Out |
Put | 2024-04-19 PUT at $146.0 | -0.0216 | 0.0076 | 88 | 2024-04-19 | 0.04 - 0.07 | 0.07 | Out |
Put | 2024-04-19 PUT at $147.0 | -0.0302 | 0.0102 | 358 | 2024-04-19 | 0.06 - 0.08 | 0.08 | Out |
Put | 2024-04-19 PUT at $148.0 | -0.0379 | 0.0127 | 277 | 2024-04-19 | 0.07 - 0.1 | 0.1 | Out |
Put | 2024-04-19 PUT at $149.0 | -0.0435 | 0.0151 | 277 | 2024-04-19 | 0.1 - 0.12 | 0.11 | Out |
Put | 2024-04-19 PUT at $150.0 | -0.0553 | 0.019 | 6637 | 2024-04-19 | 0.12 - 0.15 | 0.14 | Out |
Put | 2024-04-19 PUT at $152.5 | -0.1066 | 0.0341 | 1433 | 2024-04-19 | 0.24 - 0.28 | 0.28 | Out |
Put | 2024-04-19 PUT at $155.0 | -0.1976 | 0.0574 | 5060 | 2024-04-19 | 0.52 - 0.56 | 0.59 | Out |
Put | 2024-04-19 PUT at $157.5 | -0.3674 | 0.0815 | 2012 | 2024-04-19 | 1.16 - 1.21 | 1.26 | Out |
Put | 2024-04-19 PUT at $160.0 | -0.5818 | 0.0857 | 2380 | 2024-04-19 | 2.32 - 2.43 | 2.47 | In |
Put | 2024-04-19 PUT at $162.5 | -0.7573 | 0.0643 | 816 | 2024-04-19 | 4.05 - 4.25 | 4.2 | In |
Put | 2024-04-19 PUT at $165.0 | -0.8691 | 0.0411 | 83 | 2024-04-19 | 6.15 - 7.3 | 6.35 | In |
Put | 2024-04-19 PUT at $167.5 | -0.9496 | 0.0208 | 16 | 2024-04-19 | 6.9 - 10.35 | 5.75 | In |
Put | 2024-04-19 PUT at $170.0 | -0.9371 | 0.0181 | 48 | 2024-04-19 | 9.45 - 12.95 | 8.7 | In |
Put | 2024-04-19 PUT at $172.5 | -0.9502 | 0.0133 | 0 | 2024-04-19 | 11.85 - 15.5 | 10.51 | In |
Put | 2024-04-19 PUT at $175.0 | -0.9411 | 0.0123 | 0 | 2024-04-19 | 14.4 - 18.1 | 25.35 | In |
Put | 2024-04-19 PUT at $177.5 | -0.8689 | 0.0146 | 0 | 2024-04-19 | 17.45 - 19.45 | 0.0 | In |
Put | 2024-04-19 PUT at $180.0 | -0.903 | 0.0117 | 8 | 2024-04-19 | 20.35 - 22.95 | 19.56 | In |
Put | 2024-04-19 PUT at $182.5 | -0.9183 | 0.0099 | 0 | 2024-04-19 | 21.8 - 25.55 | 24.05 | In |
Put | 2024-04-19 PUT at $185.0 | -0.9859 | 0.0033 | 0 | 2024-04-19 | 24.0 - 28.15 | 0.0 | In |
Put | 2024-04-19 PUT at $190.0 | -0.9873 | 0.0026 | 0 | 2024-04-19 | 29.0 - 33.15 | 0.0 | In |
Put | 2024-04-19 PUT at $195.0 | -0.984 | 0.0027 | 0 | 2024-04-19 | 34.05 - 38.15 | 0.0 | In |
Put | 2024-04-19 PUT at $200.0 | -0.9951 | 0.001 | 0 | 2024-04-19 | 39.0 - 43.1 | 0.0 | In |
Put | 2024-04-19 PUT at $205.0 | -0.9826 | 0.0023 | 0 | 2024-04-19 | 44.1 - 48.15 | 0.0 | In |
Put | 2024-04-19 PUT at $210.0 | -0.9835 | 0.002 | 0 | 2024-04-19 | 49.1 - 53.15 | 60.9 | In |
Chevron Corp Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Chevron Corp Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
| Timeline |
Chevron Total Stockholder Equity
Total Stockholder Equity |
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Chevron Corp Corporate Directors
Chevron Corp corporate directors refer to members of a Chevron Corp board of directors. The board of directors generally takes responsibility for the Chevron Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Chevron Corp's board members must vote for the resolution. The Chevron Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Debra ReedKlages | Independent Director | Profile | |
| Enrique Hernandez | Independent Director | Profile | |
| John Stumpf | Independent Director | Profile | |
| Wanda Austin | Independent Director | Profile |
Already Invested in Chevron Corp?
The danger of trading Chevron Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Chevron Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Chevron Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chevron Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Chevron Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chevron Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chevron Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chevron Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running Chevron Corp's 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 the 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.
Quarterly Earnings Growth (0.64) | Dividend Share 6.04 | Earnings Share 11.37 | Revenue Per Share 104.004 | Quarterly Revenue Growth (0.15) |
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 if Chevron Corp is a good investment 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.