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CVX Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the CVX options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for CVX.

Market Sentiment from CVX Options by Expiration Date

The table below aggregates CVX options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date Call OI Put OI Total Open Interest Put/Call Ratio
2026-03-27 24754 14787 39541 0.597
2026-04-02 13540 6833 20373 0.505
2026-04-10 3007 2188 5195 0.728
2026-04-17 48667 25260 73927 0.519
2026-04-24 2977 3433 6410 1.153
2026-05-01 1277 1591 2868 1.246
2026-05-15 45549 33600 79149 0.738
2026-06-18 50817 51965 102782 1.023
2026-09-18 35262 30814 66076 0.874
2026-12-18 19359 17555 36914 0.907
2027-01-15 42639 35884 78523 0.842
2027-03-19 155 38 193 0.245
2027-06-17 4778 2215 6993 0.464
2028-01-21 9398 5771 15169 0.614
2028-12-15 4555 2741 7296 0.602

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for CVX based on aggregated options data by expiration date. The key metrics are:

  • Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand.
  • Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around CVX.
  • Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk.

The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in CVX options, while lower scores highlight more defensive or bearish structures.