CVX
Chevron · Sep 17, 2026
$211.48
Shares
Prices as of 2:50 PM ET, Sep 17. Check the live quote before you send an order.
The put
Sell
Sell the Oct 9 $210 put. You get $450 now. In return you must buy 100 shares at $210 if CVX falls there by Oct 9.
If it goes against you: you buy 100 shares at $210, which after the $450 you keep works out to $205.50 a share. Below $205.50 you are down on the trade. From that day the shares take above is the one that applies.
The order
You get$450 (limit about $4.50)
If it fallsBuy 100 shares at $210
Cash to hold$21,000
Close earlyBuy back at about $1.35 ($135)
Chance you buy the sharesabout 43 in 100
ContractCVX Oct 9 $210 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why sell
The put: Oct 9, $210 strike, 22 days out. Pays $450. Roughly a 43-in-100 chance you end up buying the shares.
On paper: 36% a year. That number assumes CVX keeps moving like it did the past two years. Take that away and it is +1% a year. That is why we say sell.
Next earnings Oct 30, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on CVX you already hold: sell the Sep 25 $220 call and take $70 now. If CVX climbs to $220 by Sep 25, your 100 shares are sold at $220, so only do it if you're happy selling there.
If it climbs past $220 your 100 shares are sold at $220 and you keep the $70. That is the trade working, not a loss.
The call order
ActionSell to open
ContractCVX Sep 25 $220 call
You get$70 (limit about $0.70)
If it climbsYour 100 shares sell at $220
Chance your shares are soldabout 16 in 100
After removing the trend-3% a year
First take on CVX. Result Oct 9. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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