CVX Options
CVX $231.66 · Updated Oct 26, 4:00 PM ET
CVX is at $231.66. The nearest expiration, Oct 30, 2026 (4 days out), lists 50 strikes, with 4,718 calls and 2,316 puts traded in the latest session. At-the-money implied volatility is 39.0%. The at-the-money straddle prices a move of about $7.60 (3.3%) by expiration.
CVX Options Chain
CVX is at $231.66. The nearest expiration, Oct 30, 2026 (4 days out), lists 50 strikes, with 4,718 calls and 2,316 puts traded in the latest session. At-the-money implied volatility is 39.0%. The at-the-money straddle prices a move of about $7.60 (3.3%) by expiration.
CVX Gamma Exposure (GEX)
CVX total dealer gamma exposure is $123M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The call wall is $240.00 and the put wall $210.00.
CVX Max Pain
CVX max pain for Oct 30, 2026 (4 days out) is $215.00, 7.2% below the current $231.66. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $215.00.
CVX Put/Call Ratio
Across every listed CVX expiration, the put/call ratio is 0.93 by volume and 0.69 by open interest. More calls than puts are trading. 161,206 puts and 234,450 calls are open in total.
CVX Implied Volatility
CVX at-the-money implied volatility is 39.0% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 28.3%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
CVX Open Interest by Strike
Across all CVX expirations, the largest call open interest near the current $231.66 sits at the $230.00 strike (35,937 contracts) and the largest put open interest at $200.00 (14,155). 234,450 calls and 161,206 puts are open in total.
CVX Expected Move
The options market prices CVX to move about $7.60 (3.3%) by Oct 30, 2026, a range of $224.06 to $239.26. For Nov 27, 2026 (32 days out) the expected move is $15.78 (6.8%).