CVX Implied Volatility
CVX $231.66 · Updated Oct 26, 4:00 PM ET
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.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 232.5 | 39.0% |
| Nov 6, 2026 | 11 | 232.5 | 33.1% |
| Nov 13, 2026 | 18 | 230 | 31.4% |
| Nov 20, 2026 | 25 | 232.5 | 30.6% |
| Nov 27, 2026 | 32 | 230 | 28.3% |
| Dec 4, 2026 | 39 | 230 | 30.1% |
| Dec 18, 2026 | 53 | 230 | 28.6% |
| Jan 15, 2027 | 81 | 230 | 27.9% |
| Mar 19, 2027 | 144 | 230 | 28.2% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 212.5 | 42.8% | 44.5% |
| 215 | 40.8% | 43.5% |
| 217.5 | 39.8% | 42.5% |
| 220 | 43.6% | 41.8% |
| 222.5 | 36.9% | 40.7% |
| 225 | 40.2% | 39.5% |
| 227.5 | 40.2% | 40.7% |
| 230 | 39.1% | 40.5% |
| 232.5 | 38.3% | 39.7% |
| 235 | 38.7% | 40.6% |
| 237.5 | 39.3% | 41.8% |
| 240 | 38.9% | 39.4% |
| 242.5 | 38.8% | 37.4% |
| 245 | 40.0% | 39.9% |
| 247.5 | 40.6% | 40.1% |
| 250 | 39.5% | 37.6% |
| 255 | 43.9% | 0.0% |
How this is calculated: Implied Volatility methodology