01 — CVX · BULL PUT SPREADS

Best CVX bull put spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Second-largest US energy supermajor with steady options flow and Hess-merger overhang.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD

Chevron

Energy

CVX

$235.52+15.3% / 30d

IV rank (1y)

35% · moderate

Next earnings

Oct 30

Market cap

$462.0B

P/E (fwd)

14.9

Dividend

$6.98 · Aug 19

Option vol

13K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration

Probability of profit

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Top pick · credit spread

$230/$225 put spread · Nov 27

27 DAYS · 2.3% OTM · 5 WIDE · SELL TO OPEN

Credit

$188

Return

60.26%

PoP

63%

Spread	Expiration	Credit	Return ↓	PoP
$225 / $220 4.5% OTM · 5 wide	Nov 27 27 days	$167 $1.67 / share	50.15%	73%
$230 / $225 2.3% OTM · 5 wide	Dec 4 34 days	$157 $1.57 / share	45.77%	62%
$225 / $220 4.5% OTM · 5 wide	Dec 4 34 days	$150 $1.50 / share	42.86%	70%