Chevron (CVX) Options Chain

NYSE: CVXEnergyIntegrated oil CompaniesUSD

211.98+0.43 (+0.20%)

At close: Oct 9, 4:02 PM ET · Delayed 15 min

Expiration date

Expiration: Sep 17, 2027
Days to expiration: 341
Share price: $211.98
Put/call ratio (OI): 2.50
Put/call ratio (volume): 1.08
ATM implied volatility: 28.5%
Expected move: ±$58.30
Open interest (C / P): 1.34K / 3.35K

CVX options summary

The CVX options chain for the September 17, 2027 expiration lists 26 call and 28 put contracts, with 341 days until expiration. Open interest stands at 1,344 calls and 3,355 puts, a put/call ratio of 2.50, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $210.00 strike is 28.5%, which implies the market expects a move of about ±$58.30 (27.5%) in Chevron stock by expiration.

The most open interest sits at the $220.00 call (324 contracts) and the $165.00 put (1.48K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CVX options chain · September 17, 2027

CVX calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	105.00	0.00	0.66	0.55	38.8%	4	17
—	—	—	—	—	—	110.00	0.09	1.14	0.66	40.4%	—	1
—	—	—	—	—	—	115.00	0.30	1.47	0.80	40.1%	1	3
0	—	—	88.66	0.00	0.00	120.00	0.60	1.04	1.17	35.1%	—	13
—	—	—	—	—	—	125.00	0.96	1.26	1.01	34.2%	1	20
—	—	—	—	—	—	130.00	1.17	1.93	1.65	35.3%	22	81
9	—	37.0%	73.21	76.20	79.95	135.00	1.44	1.88	2.40	32.9%	—	3
7	2	35.9%	68.00	72.95	75.35	140.00	1.77	2.18	2.28	31.9%	10	69
4	3	35.1%	70.25	67.50	70.90	145.00	2.25	2.63	2.97	31.3%	2	87
1	3	33.1%	66.25	63.05	66.05	150.00	2.78	3.15	2.89	30.6%	2	93
2	—	33.8%	62.35	59.00	62.30	155.00	3.25	3.85	4.00	30.3%	12	40
2	1	34.3%	53.08	55.80	58.70	160.00	3.95	4.85	4.75	30.4%	7	94
3	2	32.9%	47.29	50.95	54.25	165.00	4.75	5.65	4.95	29.7%	1	1,481
2	1	31.7%	51.59	47.80	50.00	170.00	5.65	6.75	6.30	29.4%	4	44
38	7	32.2%	39.15	43.35	46.80	175.00	6.90	7.60	8.10	28.5%	4	188
19	8	30.8%	38.63	40.95	42.60	180.00	8.30	8.90	8.70	28.1%	2	372
1	1	30.6%	37.98	36.70	39.25	185.00	9.75	10.40	9.95	27.8%	7	153
21	16	30.3%	32.10	34.30	36.00	190.00	11.25	12.05	11.30	27.5%	3	71
57	3	29.7%	31.41	31.35	32.70	195.00	12.95	13.90	13.60	27.2%	27	60
130	2	29.6%	24.95	28.60	29.95	200.00	15.05	16.10	15.00	27.2%	7	219
97	9	29.2%	24.75	23.45	24.70	210.00	19.45	21.55	19.45	27.7%	14	141
CVX $211.98
324	9	28.5%	19.90	18.90	19.90	220.00	24.45	26.50	25.00	26.8%	20	60
199	40	28.3%	16.00	14.95	16.15	230.00	29.90	33.25	29.45	27.2%	5	13
188	31	28.6%	12.80	11.35	13.30	240.00	36.80	38.95	37.90	25.5%	—	25
62	1	28.4%	10.80	8.95	10.65	250.00	44.55	47.95	45.10	27.5%	—	4
31	1	28.4%	8.45	7.95	8.55	260.00	52.85	54.40	53.00	25.2%	2	1
61	3	28.4%	6.85	6.30	6.80	270.00	—	—	—	—	—	—
2	1	28.6%	5.00	4.95	5.55	280.00	69.75	71.85	69.95	25.4%	—	0
4	1	30.4%	3.30	3.45	5.35	290.00	—	—	—	—	—	—
11	2	29.2%	2.81	2.83	3.75	300.00	—	—	—	—	—	—
69	2	31.4%	2.26	2.51	3.90	310.00	97.15	100.50	101.10	28.0%	4	2

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CVX put/call ratio?

For the September 17, 2027 expiration, the CVX put/call ratio based on open interest is 2.50 (3,355 puts vs 1,344 calls), and 1.08 based on today's volume. A ratio above 1 means more puts than calls.

What is CVX's implied volatility?

At-the-money implied volatility for CVX options expiring September 17, 2027 is about 28.5%, an annualized estimate of how much the market expects Chevron stock to move.

How many CVX option expiration dates are there?

CVX has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.