01 — CVX · WHEEL STRATEGY

Best CVX wheel strategy 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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Cash-secured put · first leg of the wheel

$230 put · Dec 4

34 DAYS · 2.3% OTM · SELL TO OPEN

Credit

$631

Return

2.68%

PoP

62%

Strike	Expiration	Credit	Return ↓	PoP
$230 2.3% OTM	Nov 27 27 days	$585 $5.85 / share	2.48%	63%
$225 4.5% OTM	Dec 4 34 days	$474 $4.74 / share	2.01%	70%
$225 4.5% OTM	Nov 27 27 days	$397 $3.97 / share	1.69%	73%
$115 51.2% OTM	Dec 4 34 days	$0 $0.00 / share	0%	70%
$120 49.0% OTM	Dec 4 34 days	$0 $0.00 / share	0%	70%
$125 46.9% OTM	Dec 4 34 days	$0 $0.00 / share	0%	70%