CVX - Options Database

CVX

CHEVRON CORP NEW

$203.67 -2.79%

$203.93 (+0.13%)🌙

as of 09/21 06:01 PM

(9/18 18:01) ◀

Monday, September 21, 2026 (6:01pm)

▶

◀ 9/21 18:01

Option Volume

Detail

ℹ

Current (09/21) 37,591

Calls: 18,996 (51%)

Puts: 18,595 (49%)

Prior (09/18) 58,138

Calls: 41,252 (71%)

Puts: 16,886 (29%)

Current vs Prior -35.34%

Calls: -53.95% (Calls)

Puts: +10.12% (Puts)

Prior 7-Day Total 335,472

Calls: 225,949 (67%)

Puts: 109,523 (33%)

Prior 7-Day Average 47,924

Calls: 32,278 (67%)

Puts: 15,646 (33%)

Current vs Prior 7-Day Avg -21.56%

Calls: -41.15%

Puts: +18.85%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/21) $15.96M

Calls: $8.84M (55%)

Puts: $7.13M (45%)

Prior (09/18) $11.48M

Calls: $7.50M (65%)

Puts: $3.98M (35%)

Current vs Prior +39.03%

Calls: +17.85%

Puts: +78.90%

Prior 7-Day Total $119.94M

Calls: $86.79M (72%)

Puts: $33.15M (28%)

Prior 7-Day Average $17.13M

Calls: $12.40M (72%)

Puts: $4.74M (28%)

Current vs Prior 7-Day Avg -6.83%

Calls: -28.73%

Puts: +50.49%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/21) 0.98

Prior (09/18) 0.41

Current vs Prior +139.14%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +97.51%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/21) 460,717

Calls: 277,515 (60%)

Puts: 183,202 (40%)

Prior (09/18) 584,195

Calls: 336,173 (58%)

Puts: 248,022 (42%)

Current vs Prior -21.14%

Prior 7-Day Total 3,922,997

Calls: 2,262,652 (58%)

Puts: 1,660,345 (42%)

Prior 7-Day Average 560,428

Calls: 323,236 (58%)

Puts: 237,192 (42%)

Current vs Prior 7-Day Avg -17.79%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 3.13% | 4.58%6.21% | 11.85%

Prior 3.65% | 4.84%1.57% | 8.93%

Current vs Prior -14.21% | -5.26%+296.72% | +32.67%

Prior 7-Day Avg 2.92% | 4.36%2.88% | 9.10%

Current vs 7-Day Avg +7.31% | +5.12%+115.50% | +30.22%

Prior 7-Day Eod 3.65% | 4.84%1.57% | 8.93%

Current vs 7-Day Eod -14.21% | -5.26%+296.72% | +32.67%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.27% | 15.52%

Calls: 11.01% | 14.67%

Puts: 19.52% | 16.37%

Prior 15.27% | 15.52%

Calls: 11.01% | 14.67%

Puts: 19.52% | 16.37%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 15.27% | 15.52%

Calls: 11.01% | 14.67%

Puts: 19.52% | 16.37%

Current vs 7-Day Avg +0.00% | +0.00%

Liquidity Expensive

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P/C ratio rising 139% - increased hedging/bearish positioning. Call-heavy open interest (277,515 calls vs 183,202 puts) suggests bullish positioning. Declining open interest (down 21%) indicates positions being closed.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 24 of results (avg 7.8%, best 4.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 16	3.20	3.35	$3.28	4.6%	777	0.35	18.5K
$195.00	Oct 16	11.15	11.95	$11.55	6.9%	3	0.75	1.3K
$170.00	Oct 16	33.35	35.75	$34.55	6.9%	1	0.97	39
$175.00	Sep 25	28.30	30.35	$29.33	7.0%	1	0.99	3
$165.00	Oct 2	38.10	40.95	$39.53	7.2%	1	0.99	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Oct 16	8.85	9.25	$9.05	4.4%	237	0.65	2.1K
$200.00	Oct 16	3.65	3.85	$3.75	5.3%	1.9K	0.38	2.8K
$207.50	Sep 25	4.60	4.90	$4.75	6.3%	390	0.71	394
$205.00	Oct 16	5.80	6.20	$6.00	6.7%	15	0.52	--
$205.00	Oct 2	4.30	4.60	$4.45	6.7%	187	0.53	293

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.60, cheapest $0.60)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$210.00	Sep 25	0.54	0.65	$0.60	18.3%	883	0.17	1.1K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 65 found (avg delta 0.78, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$165.00	Oct 2	38.10	40.95	$39.53	7.2%	1	0.99	1
$175.00	Sep 25	28.30	30.35	$29.33	7.0%	1	0.99	3
$180.00	Sep 25	23.15	25.35	$24.25	9.1%	1	0.99	4
$170.00	Oct 16	33.35	35.75	$34.55	6.9%	1	0.97	39
$190.00	Sep 25	13.05	15.25	$14.15	15.5%	6	0.97	53

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Sep 25	14.45	17.20	$15.83	17.4%	12	1.00	11
$220.00	Oct 2	15.00	17.10	$16.05	13.1%	6	0.95	9
$230.00	Oct 16	24.65	27.20	$25.92	9.8%	--	0.94	13
$215.00	Sep 25	10.05	11.75	$10.90	15.6%	10	0.93	399
$217.50	Oct 2	12.85	14.75	$13.80	13.8%	1	0.93	13

Most actively traded options today. High liquidity = easy entry/exit. 174 active (total vol 24.4K, top 1.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$220.00	Oct 2	0.25	0.44	$0.35	54.3%	1.2K	0.07	1.3K
$210.00	Sep 25	0.54	0.65	$0.60	18.3%	883	0.17	1.1K
$215.00	Sep 25	0.14	0.20	$0.17	35.3%	824	0.06	3.4K
$210.00	Oct 16	3.20	3.35	$3.28	4.6%	777	0.35	18.5K
$212.50	Sep 25	0.27	0.34	$0.31	22.6%	610	0.10	344

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Oct 16	3.65	3.85	$3.75	5.3%	1.9K	0.38	2.8K
$200.00	Sep 25	1.04	1.17	$1.11	11.7%	1.7K	0.28	949
$190.00	Oct 2	0.23	0.45	$0.34	64.7%	1.6K	0.07	53
$197.50	Sep 25	0.52	0.67	$0.60	25.0%	1.0K	0.17	437
$205.00	Sep 25	2.95	3.30	$3.13	11.2%	992	0.57	747

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 12.2%, max 19.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$200.00	Sep 25	Oct 30	30.4%	26.4%	15.1%	115	300
$207.50	Sep 25	Oct 16	30.9%	27.6%	12.0%	509	113
$202.50	Sep 25	Oct 2	30.0%	26.9%	11.3%	141	10
$210.00	Sep 25	Oct 30	30.7%	28.3%	8.5%	911	1.2K
$205.00	Sep 25	Oct 30	30.7%	28.6%	7.2%	462	226

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$197.50	Sep 25	Oct 16	31.3%	26.2%	19.8%	1.1K	437
$202.50	Sep 25	Oct 16	30.0%	25.5%	17.6%	629	680
$200.00	Sep 25	Oct 30	30.4%	26.4%	15.1%	1.7K	1.5K
$207.50	Sep 25	Oct 16	30.9%	27.6%	12.0%	394	394
$210.00	Sep 25	Oct 30	30.7%	28.3%	8.5%	143	1.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 101 found (best R:R 0.95, avg 7.57)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$195.00	$197.50	Oct 2	$1.53	$0.97	$1.53	83%	0.63	$196.53
$210.00	$215.00	Oct 30	$1.44	$3.56	$1.44	39%	2.47	$211.44
$205.00	$210.00	Oct 23	$1.97	$3.03	$1.97	48%	1.54	$206.97
$225.00	$230.00	Oct 30	$0.49	$4.51	$0.49	16%	9.20	$225.49
$212.50	$215.00	Oct 9	$0.45	$2.05	$0.45	26%	4.56	$212.95

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$212.50	$210.00	Oct 2	$1.28	$1.22	$1.28	82%	0.95	$211.22
$220.00	$215.00	Oct 30	$3.32	$1.68	$3.32	78%	0.51	$216.68
$212.50	$210.00	Oct 16	$1.28	$1.22	$1.28	71%	0.95	$211.22
$207.50	$205.00	Oct 9	$0.97	$1.53	$0.97	60%	1.58	$206.53
$180.00	$170.00	Oct 23	$0.19	$9.81	$0.19	7%	51.63	$179.81

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 79 found (best R:R 0.39, avg 0.26)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$220.00	$222.50	Oct 2	$0.20	$0.20	$2.30	92%	0.09	$220.20
$232.50	$235.00	Oct 2	$0.15	$0.15	$2.35	95%	0.06	$232.65
$215.00	$217.50	Oct 2	$0.32	$0.32	$2.18	85%	0.15	$215.32
$207.50	$210.00	Sep 25	$0.56	$0.56	$1.94	71%	0.29	$208.06
$210.00	$212.50	Oct 2	$0.61	$0.61	$1.89	72%	0.32	$210.61

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$195.00	$190.00	Oct 30	$1.41	$1.41	$3.59	71%	0.39	$193.59
$195.00	$190.00	Oct 23	$1.18	$1.18	$3.82	72%	0.31	$193.82
$197.50	$195.00	Oct 9	$0.72	$0.72	$1.78	71%	0.40	$196.78
$192.50	$190.00	Oct 2	$0.32	$0.32	$2.18	88%	0.15	$192.18
$170.00	$165.00	Oct 2	$0.16	$0.16	$4.84	97%	0.03	$169.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.35, cheapest $1.32)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$205.00	Sep 25	Oct 2	$1.40	30.7%	27.2%
$202.50	Sep 25	Oct 2	$1.63	30.0%	26.9%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$205.00	Sep 25	Oct 2	$1.32	30.7%	27.2%
$202.50	Sep 25	Oct 2	$1.07	30.0%	26.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 56 found (cheapest 2.52% of stock, avg 6.55%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$205.00	Sep 25	$2.00	$3.13	$5.13	$199.87	$210.13	2.52%
$202.50	Sep 25	$3.25	$1.97	$5.22	$197.28	$207.72	2.56%
$207.50	Sep 25	$1.16	$4.75	$5.91	$201.59	$213.41	2.90%
$200.00	Sep 25	$5.05	$1.11	$6.16	$193.84	$206.16	3.02%
$210.00	Sep 25	$0.60	$6.57	$7.17	$202.83	$217.17	3.52%
$205.00	Oct 2	$3.40	$4.45	$7.85	$197.15	$212.85	3.85%
$202.50	Oct 2	$4.88	$3.04	$7.92	$194.58	$210.42	3.89%
$207.50	Oct 2	$2.41	$5.75	$8.16	$199.34	$215.66	4.01%
$200.00	Oct 2	$6.65	$2.16	$8.81	$191.19	$208.81	4.33%
$212.50	Sep 25	$0.31	$8.90	$9.21	$203.29	$221.71	4.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.17% of stock, avg 2.34%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$215.00	$192.50	Sep 25	$0.17	$0.18	$0.35	$192.15	$215.35
$212.50	$192.50	Sep 25	$0.31	$0.18	$0.49	$192.01	$212.99
$215.00	$195.00	Sep 25	$0.17	$0.35	$0.52	$194.48	$215.52
$212.50	$195.00	Sep 25	$0.31	$0.35	$0.66	$194.34	$213.16
$215.00	$197.50	Sep 25	$0.17	$0.60	$0.77	$196.73	$215.77
$210.00	$192.50	Sep 25	$0.60	$0.18	$0.78	$191.72	$210.78
$212.50	$197.50	Sep 25	$0.31	$0.60	$0.91	$196.59	$213.41
$210.00	$195.00	Sep 25	$0.60	$0.35	$0.95	$194.05	$210.95
$210.00	$197.50	Sep 25	$0.60	$0.60	$1.20	$196.30	$211.20
$215.00	$192.50	Oct 2	$0.74	$0.66	$1.40	$191.10	$216.40

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 147 found (best R:R 0.23, avg credit $0.86)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
190/192	232/235	Oct 2	$0.47	$2.03	83%	0.23	$192.03	$232.97
190/192	220/222	Oct 2	$0.52	$1.98	80%	0.26	$191.98	$220.52
190/192	222/225	Oct 9	$0.63	$1.87	75%	0.34	$191.87	$223.13
192/195	230/232	Oct 16	$0.76	$1.74	69%	0.44	$194.24	$230.76
195/198	222/225	Oct 9	$0.92	$1.58	63%	0.58	$196.58	$223.42
192/195	222/225	Oct 16	$0.89	$1.61	63%	0.55	$194.11	$223.39
190/192	215/218	Oct 2	$0.64	$1.86	73%	0.34	$191.86	$215.64
192/195	228/230	Oct 16	$0.77	$1.73	68%	0.45	$194.23	$228.27
190/192	218/220	Oct 9	$0.77	$1.73	67%	0.45	$191.73	$218.27
195/198	218/220	Oct 9	$1.06	$1.44	56%	0.74	$196.44	$218.56

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 108 found (best R:R 17.52, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$190.00	$195.00	$200.00	Oct 30	$0.26	$4.74	20%	18.23
$210.00	$215.00	$220.00	Oct 30	$0.21	$4.79	17%	22.81
$195.00	$200.00	$205.00	Oct 23	$0.45	$4.55	24%	10.11
$195.00	$200.00	$205.00	Oct 16	$0.54	$4.46	27%	8.26
$190.00	$195.00	$200.00	Oct 23	$0.38	$4.62	21%	12.16

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$205.00	$210.00	Oct 23	$0.27	$4.73	24%	17.52
$190.00	$195.00	$200.00	Oct 30	$0.29	$4.71	20%	16.24
$190.00	$195.00	$200.00	Oct 23	$0.35	$4.65	21%	13.29
$205.00	$207.50	$210.00	Sep 25	$0.20	$2.30	25%	11.50
$195.00	$200.00	$205.00	Oct 30	$0.45	$4.55	21%	10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 134 found (best net $-4.05, 126 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$180.00	$190.00	1:2	Sep 25	-$4.05	$5.95
$195.00	$200.00	1:2	Sep 25	-$0.47	$4.53
$205.00	$207.50	1:2	Sep 25	-$0.32	$2.18
$202.50	$205.00	1:2	Sep 25	-$0.75	$1.75
$207.50	$210.00	1:2	Sep 25	-$0.04	$2.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$220.00	$212.50	1:2	Oct 16	-$3.98	$3.52
$230.00	$220.00	1:2	Oct 16	-$7.44	$2.56
$195.00	$190.00	1:2	Oct 23	-$0.46	$4.54
$202.50	$200.00	1:2	Sep 25	-$0.25	$2.25
$195.00	$190.00	1:2	Oct 30	-$0.63	$4.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 46 found (best yield 3.27%, avg 0.88%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$205.00	Oct 30	$6.65	0.50	0.7%	3.27%	3.92%	8	20
$210.00	Oct 30	$4.65	0.39	3.1%	2.28%	5.39%	28	23
$215.00	Oct 30	$3.15	0.30	5.6%	1.55%	7.11%	41	24
$205.00	Oct 23	$5.80	0.48	0.7%	2.85%	3.50%	8	33
$210.00	Oct 23	$3.80	0.37	3.1%	1.87%	4.97%	91	83
$205.00	Oct 16	$5.10	0.48	0.7%	2.50%	3.16%	10	--
$207.50	Oct 16	$4.05	0.42	1.9%	1.99%	3.87%	13	--
$220.00	Oct 30	$2.00	0.22	8.0%	0.98%	9.00%	15	94
$215.00	Oct 23	$2.40	0.27	5.6%	1.18%	6.74%	58	155
$210.00	Oct 16	$3.20	0.35	3.1%	1.57%	4.68%	777	18.5K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 18,996

Total Puts 18,595

Put/Call Ratio 0.98

Net Difference 401

Prior's Put/Call Breakdown

Total Calls 41,252

Total Puts 16,886

Put/Call Ratio 0.41

Net Difference 24,366

Prior 7-Day Put/Call Summary

Total Calls 225,949

Total Puts 109,523

Average Put/Call Ratio 0.50

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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