CVX

Premium $3.37 · Break-even $213.37 · Δ 0.40

This long-term LEAP call offers cheap exposure to a sustained breakout above $210 with over a year of runway.

Buy: Buy if the contract premium drops to $3.00 or the underlying hits the entry range of $200.00-$203.00.

Sell: Sell if the contract premium doubles to $6.74 or if CVX drops below $192.00.

Premium $3.44 · Break-even $214.44 · Δ 0.40

This contract offers decent delta leverage, but entering now is suboptimal due to the overbought underlying stock. It is best to wait for a dip to secure a lower premium.

Buy: Buy when the underlying stock pulls back to 198.00 USD, which should lower the premium.

Sell: Sell if the underlying stock reaches 220.00 USD or the option premium doubles.

Premium $0.91 · Break-even $222.41 · Δ 0.15

This out-of-the-money contract has a low delta of 0.15 and is highly speculative. It requires a significant and sustained bullish breakout to become profitable.

Buy: Buy if the stock breaks and closes above its 52-week high of 211.15 USD on above-average volume.

Sell: Sell if the option premium falls below 0.45 USD or rises to 2.00 USD.

Premium $3.32 · Break-even $212.82 · Δ 0.39

This contract offers a solid delta of 0.39 and a reasonable break-even, making it well-positioned to capture a breakout past the current 52-week high.

Buy: Buy when the underlying CVX stock trades between $201.00 and $205.50.

Sell: Sell when CVX reaches $218.00 or if the option premium drops below $1.50.

Premium $0.91 · Break-even $220.41 · Δ 0.15

A speculative OTM strike with a low delta of 0.15 that requires an aggressive rally to become profitable before decay accelerates.

Buy: Buy only if CVX stock breaks out decisively above $207.00.

Sell: Sell if CVX hits $218.00 or if the option premium falls below $0.40.

Premium $3.96 · Break-even $214.46 · Δ 0.41

This contract offers a solid 0.41 delta and generous time to maturity, making it a highly effective vehicle to capture the long-term upward trend in Chevron.

Buy: Buy if CVX spot price is between $202.00 and $206.50.

Sell: Sell if the option premium doubles to $8.00 or if the spot stock hits the stop loss of $193.50.

Premium $1.04 · Break-even $222.04 · Δ 0.16

This contract represents an affordable, highly leveraged play for a long-term breakout beyond the current 52-week range.

Buy: Buy if CVX clears the 52-week high of 211.15.

Sell: Sell if the option premium doubles to 2.10 or if Chevron's uptrend breaks below the 50-day SMA.

Premium $0.89 · Break-even $221.39 · Δ 0.14

This out-of-the-money contract is speculative due to a low delta of 0.14, making it highly sensitive to immediate time decay.

Buy: Buy if CVX stock breaks cleanly above $212.00 on high volume.

Sell: Sell if the premium drops below $0.45 or if the stock fails to sustain momentum.

Premium $0.94 · Break-even $220.94 · Δ 0.15

Out-of-the-money call option with a low delta of 0.15, offering a highly speculative but low-cost long-term upside play.

Buy: Buy when CVX successfully breaks and holds above its 52-week high of $211.15.

Sell: Sell if the option premium gains 150% to $2.35 or if CVX fails to hold $195.00.

Premium $0.89 · Break-even $216.89 · Δ 0.15

An out-of-the-money contract with low premium cost, acting as a highly leveraged, speculative play on an aggressive breakout.

Buy: Buy when CVX stock pulls back to $198.00.

Sell: Sell when the option premium doubles to $1.80, or if the stock fails to hold $195.00.

Premium $1.05 · Break-even $217.55 · Δ 0.16

A highly speculative out-of-the-money contract with a low delta of 0.16. It requires a massive breakout beyond 52-week highs to gain real traction, making it high-risk.

Buy: Buy only if CVX breaks out above $211.15 on above-average volume.

Sell: Sell if the stock fails to sustain the breakout within 3 weeks or premium falls below $0.50.

Premium $3.54 · Break-even $210.04 · Δ 0.40

This LEAP contract offers a solid 0.40 delta to capture long-term upside with minimal near-term decay. It is an excellent vehicle for riding the structural uptrend past temporary momentum cooling.

Buy: Buy when CVX stock pulls back to $198.00, lowering the premium to approximately $3.10.

Sell: Sell when CVX stock rises to $215.00 or the premium doubles to $7.00.

Premium $1.18 · Break-even $218.18 · Δ 0.17

A cheap but highly speculative option with a low 0.17 delta, making it sensitive to rapid time decay if the breakout stalls.

Buy: Buy if CVX breaks above $208.00 on high volume, indicating a strong breakout.

Sell: Sell if the underlying drops below $196.00 to prevent complete premium decay.

Premium $3.48 · Break-even $205.98 · Δ 0.41

This deep-in-the-money long-term call provides solid leverage with a 0.41 delta, ideal for capturing CVX's eventual breakout past its 52-week high after the current overbought conditions cool off.

Buy: Buy when the underlying stock pulls back below 193.00 USD.

Sell: Sell when the contract premium reaches 6.50 USD or the stock hits 215.00 USD.

Premium $3.84 · Break-even $213.34 · Δ 0.41

Underpriced LEAP with a solid 0.41 delta offers high leverage for a long-term bullish outlook.

Buy: Buy when CVX shares trade above $203.00 and the contract premium is under $4.00.

Sell: Sell if the contract premium doubles to $8.00 or if CVX falls below $193.00.

Premium $1.23 · Break-even $220.73 · Δ 0.17

Out-of-the-money long-term call offering cheap exposure to a significant upside breakout.

Buy: Buy when CVX clears $206.00 with the premium under $1.40.

Sell: Sell when CVX reaches $220.00 or if the premium loses 50% of its value.

Premium $0.98 · Break-even $213.48 · Δ 0.16

With a low delta of 0.16 and high strike, this OTM option is highly sensitive to time decay and short-term pullbacks, making it risky to enter at current overbought levels.

Buy: Buy if the stock falls below 188.00 USD and the option premium drops below 0.60 USD.

Sell: Sell when the premium doubles to 2.00 USD or if the underlying stock drops below 180.00 USD.

Premium $3.83 · Break-even $210.83 · Δ 0.41

This long-term ITM/ATM call offers decent delta of 0.41 for capturing upside over a long horizon, though a pullback is expected first.

Buy: Buy when CVX stock pulls back to $198.00 or the premium drops to $3.20.

Sell: Sell if the stock reaches $215.00 or if the option value loses 50% of its purchase price.

Premium $3.89 · Break-even $211.39 · Δ 0.42

This near-the-money option provides a decent delta of 0.42, offering good participation in a long-term uptrend following a near-term dip.

Buy: Buy when the stock price retraces to $198.00 or lower.

Sell: Sell when the stock price hits $215.00 or if the premium drops below $2.00.

Premium $1.17 · Break-even $219.17 · Δ 0.17

A low delta of 0.17 makes this out-of-the-money option highly speculative, despite the cheap entry premium.

Buy: Buy only if the stock price breaks out above $211.15 on high volume.

Sell: Sell if the stock hits $220.00 or if the premium falls by 50%.

Premium $3.44 · Break-even $205.44 · Δ 0.40

This long-dated call option offers highly leveraged upside exposure at an exceptionally low premium relative to its 0.40 delta.

Buy: CVX share price consolidates near $195.00.

Sell: Option premium reaches $10.00 or underlying stock drops below $185.00.

Premium $0.97 · Break-even $212.97 · Δ 0.15

A low-cost, high-leverage speculative play on CVX breaking past its lifetime highs over the next 18 months.

Buy: CVX dips below $195.00, lowering the premium entry point.

Sell: Premium triples to $3.00 or underlying stock breaks support at $185.00.

Premium $1.12 · Break-even $218.62 · Δ 0.16

The low delta of 0.16 makes this OTM call highly speculative with a high probability of expiring worthless.

Buy: Buy if CVX breaks and holds above $212.00 on strong volume.

Sell: Sell if CVX hits $220.00 or premium doubles to $2.24.

Premium $3.41 · Break-even $208.91 · Δ 0.40

Long-term bullish call with a reasonable delta, offering cheap leverage for a breakout past the $205.5 strike by late 2026.

Buy: Buy when the underlying stock stabilizes near $198.50 or breaks out past $202.50.

Sell: Sell if the option premium rises to $6.50 or if CVX breaches the stop loss at $192.50.

Premium $0.92 · Break-even $216.42 · Δ 0.15

A low 0.15 delta makes this deep OTM option a highly speculative play that requires significant, sustained upward momentum.

Buy: Buy if CVX breaks out cleanly above $212.00 with strong volume to capture rapid delta expansion.

Sell: Sell if the stock drops below $195.00 or if the option premium falls below $0.45.

Premium $3.28 · Break-even $208.28 · Δ 0.39

This LEAPs contract offers solid exposure to CVX's upside past its 52-week high, with a decent 0.39 delta protecting against rapid theta decay.

Buy: Buy when CVX underlying price pulls back to $198.00 and premium is under $3.15.

Sell: Sell when CVX reaches $215.00 or the contract premium falls below $1.60.

Premium $0.89 · Break-even $215.89 · Δ 0.15

With a low delta of 0.15, this out-of-the-money call is highly speculative despite the long expiration date.

Buy: Buy only if CVX stock breaks cleanly above $212.00 on strong volume.

Sell: Sell if the premium doubles to $1.80 or if the underlying stock drops below $195.00.

Premium $3.37 · Break-even $207.87 · Δ 0.40

This ATM LEAP call offers decent delta but is currently expensive due to the stock being at short-term overbought levels.

Buy: Buy if the stock price falls to $195.00, which will cheapen the premium.

Sell: Sell if the stock drops below $185.00 or if the option premium gains 50%.

Premium $3.25 · Break-even $207.25 · Δ 0.39

This near-the-money long-term call offers a solid 0.39 delta, making it an excellent vehicle to capture long-term upside once the short-term overbought conditions subside.

Buy: CVX stock price pulls back to $190.00 or lower.

Sell: CVX stock reaches $215.00 or the contract premium reaches $6.50.

Premium $0.88 · Break-even $214.88 · Δ 0.14

The low delta of 0.14 makes this deep out-of-the-money contract highly speculative and vulnerable to rapid decay during the anticipated stock pullback.

Buy: CVX stock clears $205.00 on rising volume, invalidating the short-term bearish MACD signal.

Sell: Contract premium falls by 50% from purchase price or CVX falls below $185.00.

Premium $3.37 · Break-even $206.37 · Δ 0.40

This LEAP call offers cheap exposure to long-term upside with a reasonable 0.4 delta, ideal for capturing CVX's broad uptrend on a discount.

Buy: Buy when the stock price pulls back to $196.50.

Sell: Sell when the option premium doubles or if the stock drops below the 200-day SMA.

Premium $0.94 · Break-even $213.94 · Δ 0.15

A high-leverage, low-cost speculative play but carries higher risk due to a low delta of 0.15.

Buy: Buy if CVX breaks and holds above the 52-week high of $211.15.

Sell: Sell when option price rises by 150 percent or if stock momentum reverses below $190.00.

Premium $3.42 · Break-even $206.92 · Δ 0.40

This LEAP call offers decent leverage but the current overbought conditions suggest waiting for a better premium entry. The contract is cheap but immediate momentum is slowing.

Buy: Buy if the contract premium falls below $2.80 during an underlying stock pullback.

Sell: Sell if the underlying stock hits the $215.00 target or the contract premium doubles.

Premium $0.96 · Break-even $214.46 · Δ 0.15

With a low Delta of 0.15, this out-of-the-money call is highly speculative despite the long expiration. A pullback will rapidly erode this low premium.

Buy: Buy if the underlying stock finds support at $187.00 and starts rebounding.

Sell: Sell if the stock fails to sustain $195.00 or the premium drops by 50%.

Premium $0.94 · Break-even $215.44 · Δ 0.15

This low-delta OTM option has high leverage but faces elevated short-term decay risk if the stock enters a consolidation phase.

Buy: Buy if CVX breaks out above the 52-week high of $211.15 on high volume.

Sell: Sell if the stock drops below $192.00 or if premium loses 40% of value.

Premium $3.28 · Break-even $209.28 · Δ 0.39

This contract provides a solid delta of 0.39 at a reasonable premium cost, offering strong leverage for a breakout past $210.

Buy: Buy when CVX stock pulls back to $199.00 or lower.

Sell: Sell when the stock price reaches $214.00 or if the option premium drops below $1.50.

Premium $3.72 · Break-even $221.22 · Δ 0.40

This LEAP option offers solid exposure but is currently expensive due to the stock being overbought.

Buy: Buy if the contract premium drops to 3.00 USD during a stock pullback.

Sell: Sell if the stock falls below 190.00 USD or the premium reaches 7.00 USD.

Premium $3.86 · Break-even $218.36 · Δ 0.40

This contract offers a solid 0.40 delta to capture long-term upside once the current overbought condition cools off.

Buy: Buy when CVX price retraces to $203.00 and the option premium drops below $3.20.

Sell: Sell if CVX rises to $225.00 or if the option premium falls below $1.50.

Premium $1.19 · Break-even $226.19 · Δ 0.17

With a low 0.17 delta, this deep OTM call is highly speculative and susceptible to decay if the stock consolidates near resistance.

Buy: Buy only if CVX falls to $195.00, lowering the option premium to under $0.80.

Sell: Sell if CVX hits $220.00 or if the option premium drops below $0.40.

Premium $3.63 · Break-even $219.13 · Δ 0.40

This LEAP option offers solid exposure with a 0.40 delta, letting traders capture long-term structural upside with minimal near-term decay.

Buy: Buy when the underlying stock pulls back to $204.00 or the contract premium dips to $3.10.

Sell: Sell when the underlying stock reaches $225.00 or the contract premium falls below $1.50.

Premium $1.03 · Break-even $227.03 · Δ 0.15

With a low 0.15 delta and an out-of-the-money strike, this contract is highly speculative but offers a low-cost entry for aggressive traders.

Buy: Buy if the underlying stock breaks above $212.00 on rising volume and the premium is under $1.20.

Sell: Sell if the underlying stock drops below $198.00 or the premium doubles to $2.00.

Premium $3.95 · Break-even $220.45 · Δ 0.41

This contract offers a solid 0.41 delta and a reasonable break-even, making it a great vehicle to capture long-term recovery after a short-term pullback.

Buy: Buy when the underlying stock drops to 203.00 USD, reducing the option premium.

Sell: Sell when CVX stock reaches 220.00 USD or the option premium increases by 50%.

Premium $1.05 · Break-even $228.05 · Δ 0.15

The low 0.15 delta makes this far out-of-the-money contract highly speculative despite the cheap premium.

Buy: Underlying stock breaks and holds cleanly above $216.00 on high volume.

Sell: Underlying stock fails to sustain $212.00 or premium gains 50% for a quick exit.

Premium $1.10 · Break-even $229.10 · Δ 0.16

A low-delta, high-leverage option that is speculative and highly sensitive to near-term momentum loss.

Buy: Buy if the premium declines to 0.85 USD during consolidation.

Sell: Sell if CVX stock hits 228.00 USD or premium rises to 2.50 USD.

Premium $1.08 · Break-even $228.58 · Δ 0.16

A cheap leverage play but carries high sensitivity to short-term pullbacks due to its low 0.16 delta.

Buy: Buy if CVX shares drop to 202.00 USD, driving the premium down to approximately 0.70 USD.

Sell: Sell if the premium doubles to 2.16 USD or the underlying falls below 195.00 USD.

Premium $3.70 · Break-even $220.70 · Δ 0.40

This near-the-money LEAP has a solid 0.40 delta but is currently expensive due to the stock being at its 52-week high.

Buy: Buy if the underlying stock pulls back to 203.00 USD, lowering the premium closer to 2.80 USD.

Sell: Sell if the underlying stock hits 225.00 USD or if the premium falls below 2.00 USD.

Premium $1.08 · Break-even $227.58 · Δ 0.16

A low premium contract but with low delta (0.16) and a high strike price, making it a speculative leverage bet.

Buy: Buy if CVX breaks above $215.00 on strong volume, increasing the option's delta.

Sell: Sell if the stock fails to sustain its breakout or if the premium drops by 50%.

Premium $3.80 · Break-even $209.80 · Δ 0.41

This contract offers highly asymmetric leverage with a low premium of 3.8 and a break-even of 209.80.

Buy: Buy when CVX underlying price stabilizes near 198.50 USD.

Sell: Sell if CVX hits 211.00 USD or if the contract premium drops below 1.50 USD.

Premium $3.94 · Break-even $212.44 · Δ 0.42

Provides strong exposure to long-term upside with a 0.42 delta at a reasonable premium. The break-even of 212.44 is highly achievable given Chevron's upward momentum.

Buy: Buy if CVX stock pulls back to 201.00 or lower, reducing the option premium further.

Sell: Sell if the stock reaches 218.00 or if the option premium doubles.

Premium $1.20 · Break-even $220.20 · Δ 0.17

A low-cost, high-leverage bet but currently has a low delta of 0.17 and a break-even above the stock's 52-week high. It is better to hold off until a pullback lowers the entry cost.

Buy: Buy if the stock falls to 198.00, dropping the contract premium to under $0.80.

Sell: Sell if the underlying stock hits 218.00 or if the option loses 50% of its entry value.

Premium $3.95 · Break-even $212.95 · Δ 0.42

This call option offers an attractive risk-reward with a low premium of 3.95 and a solid 0.42 delta, capturing medium-term upside beyond the current 52-week high.

Buy: Buy when CVX stock pulls back to 203.00 USD.

Sell: Sell when the option premium reaches 7.00 USD or if CVX falls below 195.00 USD.

Premium $3.72 · Break-even $219.72 · Δ 0.41

This long-dated LEAP call provides high leverage on Chevron's long-term growth with a reasonable premium and delta of 0.41.

Buy: Buy when the underlying stock pulls back to $205.00 and the option premium drops below $3.20.

Sell: Sell if CVX hits $225.00 or the premium rises by 100% to $7.44.

Premium $3.98 · Break-even $213.48 · Δ 0.42

This deep-in-the-money long-dated call provides excellent leverage and a high delta of 0.42 to capture long-term upside with minimal time decay.

Buy: Buy when CVX stock pulls back to 199.00 USD and the premium is near 3.80 USD.

Sell: Sell when CVX stock hits the target of 220.00 USD or the option value increases by 50%.

Premium $1.23 · Break-even $220.73 · Δ 0.17

With a delta of only 0.17, this deep out-of-the-money LEAP is highly speculative and likely to decay if the stock consolidates.

Buy: Buy only if CVX breaks and holds above its 52-week high of $211.15.

Sell: Sell if CVX falls below the 50-day SMA of $188.17.

Premium $1.22 · Break-even $221.22 · Δ 0.17

This out-of-the-money call offers a cheap entry point with low premium risk, but is more speculative given the 220 strike price.

Buy: Buy when CVX stock drops to 198.70 USD and the premium is around 1.10 USD.

Sell: Sell when the stock reaches 220.00 USD or if the option premium doubles.

Premium $3.77 · Break-even $214.27 · Δ 0.40

This LEAPS call offers a high delta of 0.40 and significant time to expiration, allowing the investor to capitalize on long-term growth post-consolidation.

Buy: Buy when CVX stock pulls back to $200.00 or below.

Sell: Sell when the option premium doubles to $7.54 or if the stock drops below $188.00.

Premium $1.20 · Break-even $221.70 · Δ 0.17

A speculative out-of-the-money play with a low delta of 0.17, requiring a major bullish breakout above the current 52-week range to be profitable.

Buy: Buy if CVX stock breaks out above $212.00 on volume that exceeds the 10-day average.

Sell: Sell if the premium drops to $0.50 or if CVX hits the target of $220.00.

Premium $1.18 · Break-even $224.18 · Δ 0.17

This is a low-cost, high-leverage option for a highly bullish long-term scenario. The low premium reduces absolute risk, though the low delta makes it sensitive to negative price moves.

Buy: Buy when the option premium drops below $1.00 during a stock pullback.

Sell: Sell when the option premium reaches $2.50 or if the stock fails to hold $195.00.

Premium $3.96 · Break-even $216.96 · Δ 0.41

This LEAP call option offers solid delta exposure to CVX's long-term uptrend at a relatively low premium cost.

Buy: Buy if CVX stock pulls back below 202.00 USD or the option premium drops to 3.20 USD.

Sell: Sell if CVX stock hits 220.00 USD or the option premium reaches 8.00 USD.

Premium $1.22 · Break-even $224.72 · Δ 0.17

A highly out-of-the-money option with low delta, making it a speculative leverage play on long-term expansion.

Buy: Buy if CVX breaks and consolidates above 212.00 USD, or the premium falls below 1.00 USD.

Sell: Sell if CVX stock hits 225.00 USD or the option premium reaches 2.50 USD.

Premium $3.89 · Break-even $216.39 · Δ 0.41

This long-dated call provides excellent leverage to capture CVX's long-term uptrend with limited downside risk. It benefits from a decent 0.41 delta and a low break-even price relative to the target.

Buy: Buy when CVX stock pulls back below $203.00, lowering the premium.

Sell: Sell when the option premium doubles or if CVX stock breaks below $188.00.

Premium $3.88 · Break-even $217.88 · Δ 0.41

This contract offers reasonable delta and leverage for a long-term bullish stance once short-term overbought pressures subside.

Buy: Buy when CVX stock price pulls back to 200.00 USD.

Sell: Sell when the contract premium doubles to 7.76 USD or CVX stock drops below 190.00 USD.

Premium $1.19 · Break-even $225.69 · Δ 0.17

An out-of-the-money contract with low delta, making it highly speculative and sensitive to near-term consolidation.

Buy: Buy if the stock breaks out above 212.00 USD on above-average volume.

Sell: Sell if the option premium falls to 0.60 USD to cut losses.

Premium $6.88 · Break-even $217.38 · Δ 0.47

With a near-0.50 delta and an extra month of duration compared to September, this option represents the most robust risk-adjusted bullish play.

Buy: Buy if CVX falls slightly to $203.00, reducing the premium entry cost.

Sell: Sell if CVX hits $220.00 or if the underlying stock drops below the 50-day moving average of $184.99.

Premium $3.10 · Break-even $224.10 · Δ 0.27

This OTM contract offers a balanced trade-off between premium cost and a reasonable 0.27 delta for a medium-term bull run.

Buy: Buy if the stock maintains its position above 206.50.

Sell: Sell if the option premium reaches 6.00 or if the underlying stock drops under 195.00.

Premium $2.91 · Break-even $224.41 · Δ 0.26

This contract is a cheaper alternative to the strike 211 calls, but is currently hindered by the stock's overbought state. Patience will yield a better entry point.

Buy: Buy if the underlying stock pulls back to 196.00 USD or consolidates for two consecutive weeks.

Sell: Sell if the stock reaches 220.00 USD or the premium drops by 50%.

Premium $2.97 · Break-even $222.97 · Δ 0.27

Provides a balanced risk-to-reward ratio for a moderate long-term target of $220+, utilizing a 0.27 delta with October 2026 expiration.

Buy: Buy when the stock price falls back toward $203.00.

Sell: Sell if the contract premium appreciates to $5.50 or if CVX breaches its $192.00 support.

Premium $2.87 · Break-even $223.37 · Δ 0.26

This contract offers decent leverage but has a relatively high premium for its delta, making it less attractive than lower-strike options.

Buy: Buy if CVX stock drops to $198.00 and stabilizes.

Sell: Sell if CVX stock reaches $220.00 or the premium drops by 50%.

Premium $6.28 · Break-even $217.28 · Δ 0.46

This contract has the strongest profile with a 0.46 delta and extra time to expiry. A buy-on-dip strategy makes this a highly attractive long-term play.

Buy: Buy when the underlying stock pulls back to 200.00 USD.

Sell: Sell when the underlying stock reaches 225.00 USD or if the premium reaches 10.00 USD.

Premium $6.20 · Break-even $216.20 · Δ 0.46

Excellent long-term call option with a near-at-the-money 0.46 delta and ample time value to capture CVX's multi-month upward trajectory.

Buy: Buy when the underlying CVX stock consolidates near $202.00.

Sell: Sell when the contract value reaches $11.00 or if the underlying trend breaks below the 50-day SMA of $185.68.

Premium $2.93 · Break-even $222.43 · Δ 0.27

This contract offers a lower cost entry with an extra month of duration, capturing OTM momentum as CVX approaches its target.

Buy: Buy when CVX stock surpasses $206.00 with expanding volume.

Sell: Sell when CVX reaches $218.00 or if the premium drops below $1.40.

Premium $6.15 · Break-even $215.65 · Δ 0.45

This longer-dated contract provides extra time for the bullish thesis to play out with a higher delta of 0.45.

Buy: Buy when the underlying CVX stock trades between $202.00 and $205.50.

Sell: Sell when CVX reaches $218.00 or if the premium falls below $3.00.

Premium $6.07 · Break-even $212.07 · Δ 0.45

With a high 0.45 delta and extra duration, this contract offers the best blend of underlying stock tracking and time buffer.

Buy: Buy when CVX stock stabilizes around $198.50 during a brief consolidation.

Sell: Sell when the stock hits the target of $215.00 or if the option loses 50% of its purchase value.

Premium $2.86 · Break-even $218.86 · Δ 0.27

This strike offers a balanced risk-reward profile for targeting a break above the current 52-week high within the next few months.

Buy: Buy when CVX stock holds above $199.50 on daily close.

Sell: Sell when the stock price hits $213.00 or if the stock drops below $193.00.

Premium $3.14 · Break-even $220.14 · Δ 0.27

An aggressive upside play that captures potential breakouts past 52-week highs with over 2 years of duration to mitigate timing risk.

Buy: Buy if CVX breaks out past $205.00 on rising volume.

Sell: Sell when CVX rises above $220.00 or the premium gains 80%.

Premium $2.89 · Break-even $217.39 · Δ 0.27

This moderately OTM LEAP is highly sensitive to momentum, which is currently slowing down as indicated by the MACD.

Buy: Buy if the stock price consolidates near $196.00 and the MACD signal line begins to curl up.

Sell: Sell if CVX falls below $185.00 or if the premium doubles.

Premium $6.20 · Break-even $211.70 · Δ 0.46

Solid medium-delta LEAP option providing extra time through October 2026 to capture Chevron's long-term upward trend.

Buy: Buy when the underlying stock drops towards the 20-day SMA of $198.50.

Sell: Sell if premium reaches $10.00 or if the underlying drops below $192.50.

Premium $6.08 · Break-even $209.08 · Δ 0.46

Solid near-the-money position with a strong delta of 0.46, offering high probability of profit as CVX targets new highs over the next year.

Buy: Buy when the stock trades below $198.00 during a consolidation.

Sell: Sell when the option premium reaches $12.00 or if CVX closes below $185.00.

Premium $2.87 · Break-even $215.87 · Δ 0.27

Balanced risk-reward ratio for an out-of-the-money option, benefiting from the extended October 2026 expiry and solid delta of 0.27.

Buy: Buy when the stock trades in the $195.00 - $198.00 range.

Sell: Sell when the option value appreciates by 100 percent or if the stock breaches the $185.00 support.

Premium $6.14 · Break-even $209.64 · Δ 0.46

This October 2026 call has a solid 0.46 delta and offers more time than the September series to ride out any short-term pullback. However, the premium is relatively high compared to the September equivalent.

Buy: Buy if the premium dips to $5.20 during a stock market consolidation.

Sell: Sell if the underlying stock targets are achieved at $215.00.

Premium $2.91 · Break-even $216.41 · Δ 0.27

A moderate-delta OTM call that benefits from a longer horizon but remains sensitive to the current short-term overbought state. It is best held or acquired on a pullback.

Buy: Buy if the stock rebounds from the SMA20 and the premium is below $2.50.

Sell: Sell if the stock trends below $185.00 or the premium reaches $5.00.

Premium $6.20 · Break-even $208.70 · Δ 0.46

This October 2026 call offers an attractive 0.46 delta and extra time to ride out any prolonged short-term consolidation before Chevron moves towards historical highs.

Buy: Buy when CVX shares trade down to the 20-day SMA near 194.00 USD.

Sell: Sell when the premium appreciates to 11.50 USD or the stock breaches the 215.00 USD target.

Premium $6.10 · Break-even $210.60 · Δ 0.46

An ATM LEAP with solid delta, but buying now exposes the premium to immediate pullback risks given the overbought technical indicators.

Buy: Buy if the stock pulls back to the SMA20 support level near $197.86.

Sell: Sell if the stock breaks below the SMA50 support at $187.00.

Premium $6.26 · Break-even $212.76 · Δ 0.46

This contract provides a very healthy 0.46 delta and nearly two years of duration. It balances a high probability of profit with a comfortable time horizon to digest short-term consolidation.

Buy: Buy when the stock price falls to $197.00, targeting an option premium of around $5.50.

Sell: Sell when the stock price reaches $215.00 or the premium appreciates to $9.50.

Premium $6.00 · Break-even $210.00 · Δ 0.45

With a healthy 0.45 delta and longer duration, this contract provides the best risk-adjusted leverage on a post-consolidation recovery.

Buy: CVX stock drops into the $188 to $192 entry zone.

Sell: CVX stock reaches $215.00 or contract premium doubles to $12.00.

Premium $2.94 · Break-even $215.44 · Δ 0.27

A balanced risk-reward profile for a moderate bullish play on a recovery post-pullback, utilizing the extended duration to mitigate theta decay.

Buy: Buy when the underlying stock drops below 192.50 USD.

Sell: Sell when the option premium reaches 5.50 USD.

Premium $6.52 · Break-even $216.02 · Δ 0.46

The October 2026 expiry provides ample time to capture the long-term uptrend with a healthy 0.46 delta.

Buy: Buy if CVX stays above $204.00 and the premium is below $6.75.

Sell: Sell when the contract premium reaches $12.00 or CVX falls below $193.00.

Premium $3.23 · Break-even $222.73 · Δ 0.28

Offers balanced risk-reward with more time than the September expiry to capture a break above $219.5.

Buy: Buy when CVX holds support above $204.00 and the premium is under $3.40.

Sell: Sell if the premium reaches $6.00 or if the underlying trend breaks below the 50-day SMA.

Premium $6.58 · Break-even $214.08 · Δ 0.46

Offers a solid delta of 0.46 and additional time value, making it a safer long-term vehicle to ride out current overbought pressures.

Buy: Buy when the stock price pulls back to the $195.00 - $198.00 range.

Sell: Sell when the stock price reaches $215.00 or if the option premium drops below $3.50.

Premium $3.13 · Break-even $221.13 · Δ 0.27

While this option provides good leverage, the premium is relatively high for an OTM strike with a delta of only 0.27.

Buy: Buy on a confirmed breakout of the 52-week high of $211.15 with expanding volume.

Sell: Sell if the stock reaches $222.00 or drops below $194.00.

Premium $6.15 · Break-even $208.15 · Δ 0.46

Provides an extra month of expiry relative to the September contracts, with a solid 0.46 delta buffering against short-term volatility.

Buy: CVX price trades between $192.00 and $196.00.

Sell: CVX trades above $215.00 or the contract premium reaches $15.00.

Premium $2.91 · Break-even $214.91 · Δ 0.27

An out-of-the-money option with reasonable delta (0.27) allowing participation in Chevron's secular uptrend with defined risk.

Buy: CVX tests the $195.00 support level.

Sell: CVX rises past $212.00 or contract premium reaches $7.50.

Premium $6.53 · Break-even $213.53 · Δ 0.46

With an October 2026 expiry and a solid 0.46 delta, this contract provides excellent exposure to Chevron's long-term growth and a high probability of success.

Buy: Buy when CVX drops below $200.00, targeting an entry premium of around $5.50.

Sell: Sell when CVX reaches $218.00 or the option premium reaches $10.00.

Premium $3.09 · Break-even $220.59 · Δ 0.27

A cheaper OTM alternative with more time value, suitable for a leveraged bullish bet if the stock resumes its uptrend post-pullback.

Buy: Buy when CVX stock pulls back to $197.00, or if the premium drops below $2.50.

Sell: Sell if the premium doubles to $6.18 or if CVX drops below $190.00.

Premium $3.03 · Break-even $219.53 · Δ 0.27

An OTM option with decent duration but currently overpriced relative to its delta. Holding is preferred to let the option premium soften during the expected near-term stock pullback.

Buy: Buy when CVX consolidates above $200.00 and the premium falls to $2.50.

Sell: Sell when the stock price breaks above $216.50 or the premium reaches $5.00.

Premium $2.89 · Break-even $218.39 · Δ 0.27

Offers moderate leverage with a 0.27 delta, but the premium of $2.89 is relatively high compared to the closer expiry equivalent.

Buy: Buy if CVX price consolidates above $202.00 and volume begins to trend upwards.

Sell: Sell if CVX falls below the SMA20 at $198.07 or if the premium drops below $1.50.

Premium $6.04 · Break-even $211.04 · Δ 0.45

An attractive long-term option offering a higher delta of 0.45 and an extra month of duration, aligning well with our breakout target.

Buy: Buy when CVX underlying trades near $198.00 and the option premium is below $5.80.

Sell: Sell when CVX underlying hits $215.00 or the option premium falls below $3.00.

Premium $2.84 · Break-even $217.84 · Δ 0.26

A cheaper alternative to the 205 strike with a reasonable 0.26 delta, providing solid leverage if CVX breaks out past its 52-week high.

Buy: Buy when CVX underlying is near $198.00 and the premium is below $2.70.

Sell: Sell when CVX reaches $215.00 or the premium drops below $1.35.

Premium $2.81 · Break-even $216.81 · Δ 0.26

This contract is currently expensive due to high spot prices; waiting for a stock pullback will allow entry at a much more favorable premium.

Buy: CVX stock falls to $190.00, which should reduce this contract's premium closer to $1.80.

Sell: CVX stock climbs back to $215.00 or premium reaches $5.00.

Premium $3.24 · Break-even $226.24 · Δ 0.28

Offers a balanced approach with more time than the September counterpart to reach the $223 strike. However, the higher premium of $3.24 requires a larger move to break even.

Buy: Buy when CVX pulls back to $200.00, reducing the premium closer to $2.50.

Sell: Sell if the stock reaches $225.00 or if the premium falls below $1.50.

Premium $6.66 · Break-even $224.16 · Δ 0.46

With a higher delta and slightly later expiry, this is a safer vehicle to capture long-term upside once overbought conditions subside.

Buy: Buy when the option premium drops to 5.50 USD as the stock tests its SMA20.

Sell: Sell if CVX breaks below its SMA50 at 190.46 USD.

Premium $3.16 · Break-even $229.16 · Δ 0.27

This option offers a balanced 0.27 delta for an OTM strike, providing substantial leverage if the stock resumes its rally after a consolidation phase.

Buy: Buy when the underlying stock stabilizes around $205.00 or the contract premium drops to $2.70.

Sell: Sell when the underlying stock hits $225.00 or the contract premium declines below $1.50.

Premium $3.22 · Break-even $229.72 · Δ 0.27

An intermediate risk contract that is out-of-the-money but benefits from a 0.27 delta and longer expiration.

Buy: Buy if CVX maintains its upward momentum above $212.00 after a brief consolidation.

Sell: Sell when the target of $225.00 is achieved or the premium loses 50%.

Premium $6.44 · Break-even $212.44 · Δ 0.46

While offering a slightly higher delta, the premium of 6.44 is significantly higher than the September equivalent, reducing its relative value.

Buy: Buy if CVX dips to 195.00 USD, lowering this premium to under 5.00 USD.

Sell: Sell if CVX reaches 212.00 USD or premium drops below 3.00 USD.

Premium $3.24 · Break-even $231.24 · Δ 0.27

An OTM option offering a balanced risk-to-reward ratio, but premiums are temporarily inflated at current price levels.

Buy: Buy if the option premium falls to 2.50 USD.

Sell: Sell if the underlying stock hits the target price of 230.00 USD.

Premium $3.21 · Break-even $230.71 · Δ 0.27

An out-of-the-money option that is currently overpriced given the underlying asset's near-term overextension.

Buy: Buy if CVX pulls back to 204.00 USD and the premium falls to around 2.30 USD.

Sell: Sell if the contract premium reaches 5.00 USD or if the underlying drops below 195.00 USD.

Premium $6.70 · Break-even $221.20 · Δ 0.46

This contract provides slightly longer duration than the September alternative with a strong 0.46 delta, making it the preferred leverage vehicle.

Buy: Buy when CVX drops below $205.00, targeting an entry premium of around $5.50.

Sell: Sell when CVX reaches $230.00 or if the option premium falls below $2.50.

Premium $6.88 · Break-even $223.38 · Δ 0.46

With a higher delta of 0.46 and more time to expiry, this contract provides solid exposure to CVX's long-term uptrend while weathering short-term volatility.

Buy: Buy when CVX stock pulls back to between 200.00 USD and 205.00 USD.

Sell: Sell when CVX stock exceeds 225.00 USD or the option value doubles.

Premium $3.15 · Break-even $230.15 · Δ 0.27

A more affordable way to capture a long-term breakout, but requires a strong move above the $227 strike.

Buy: Underlying stock shows signs of stabilization above $211.00 after a brief pullback.

Sell: Underlying stock reaches $228.00 or premium doubles.

Premium $3.28 · Break-even $228.28 · Δ 0.27

The 0.27 delta offers moderate exposure, but the premium of 3.28 makes the break-even of 228.28 difficult to reach without a sustained breakout.

Buy: Buy if CVX drops to $200.00 and the option premium falls to $2.20.

Sell: Sell if CVX reaches $225.00 or if the option premium drops below $1.00.

Premium $6.78 · Break-even $219.78 · Δ 0.46

Provides a slightly higher delta and an extra month of duration compared to the September contract, offering a robust bullish position.

Buy: Buy if the stock pulls back to 201.00 USD or the option premium drops to 5.80 USD.

Sell: Sell when CVX reaches 220.00 USD or the option premium reaches 11.50 USD.

Premium $3.27 · Break-even $227.77 · Δ 0.28

A cheaper long-term play, but currently overpriced given the high probability of a near-term pullback.

Buy: Buy if CVX stock clears 211.15 USD and confirms a breakout.

Sell: Sell if the premium drops below 1.60 USD.

Premium $3.31 · Break-even $226.81 · Δ 0.28

A moderate delta OTM call option that provides decent leverage but currently carries a relatively high premium for the strike.

Buy: Buy if CVX drops to 199.00 USD or the option premium declines to 2.50 USD.

Sell: Sell when CVX reaches 222.00 USD or the option premium reaches 6.00 USD.

Premium $6.66 · Break-even $215.66 · Δ 0.47

This is the strongest options choice due to an attractive 0.47 delta and extra month to expiry, mitigating near-term consolidation risks.

Buy: Buy when CVX is between 201.00 USD and 204.00 USD.

Sell: Sell when the premium reaches 11.00 USD or the stock falls below 195.00 USD.

Premium $3.18 · Break-even $222.18 · Δ 0.28

A speculative OTM play with decent delta (0.28) and extra time value. It offers a cheaper entry than the 208.5 strike while maintaining a solid probability of profit if targets are met.

Buy: Buy if CVX pulls back to 200.00, aiming to enter the contract at a premium below 2.50.

Sell: Sell when the underlying stock reaches 218.00 or the contract doubles in value.

Premium $6.64 · Break-even $215.14 · Δ 0.47

An attractive mid-delta option offering an extra month of expiry to weather near-term consolidation. A delta of 0.47 ensures strong participation in any post-pullback rally.

Buy: Buy on a stock pullback to 200.00, targeting an entry premium around 5.50.

Sell: Sell if the stock reaches 218.00 or if the option value gains 60%.

Premium $6.66 · Break-even $222.66 · Δ 0.46

Offers slightly more time than the September contract and a higher delta of 0.46, providing a solid long-term bullish exposure.

Buy: Buy when CVX retraces to $205.00 and the option premium falls near $5.80.

Sell: Sell when CVX reaches $225.00 or if the option premium gains 80%.

Premium $6.71 · Break-even $216.21 · Δ 0.47

With more than a year to expiration and a strong delta of 0.47, this option provides robust safety against intermediate volatility.

Buy: Buy when the stock price experiences a minor pullback toward 199.00 USD.

Sell: Sell when CVX stock reaches 220.00 USD or the contract gain exceeds 40%.

Premium $3.24 · Break-even $222.74 · Δ 0.28

An out-of-the-money option with moderate delta that remains expensive relative to the September equivalent.

Buy: Buy if CVX stock stabilizes at $198.70 and resumes its upward momentum.

Sell: Sell if CVX stock reaches $220.00.

Premium $6.71 · Break-even $220.71 · Δ 0.46

This option provides solid delta and an extra month of duration to capture Chevron's long-term upward trajectory after a brief correction.

Buy: Buy when CVX stock falls below 202.00 USD.

Sell: Sell when the contract premium reaches 11.00 USD.

Premium $3.24 · Break-even $223.24 · Δ 0.28

A balanced risk-reward option with an attractive premium of 3.24, well-suited for capturing a long-term bullish trend beyond the 220 resistance.

Buy: Buy when CVX stock price drops near the 199.00 USD support zone.

Sell: Sell when CVX stock rises to 220.00 USD or the premium increases by 60%.

Premium $6.69 · Break-even $219.19 · Δ 0.46

An extra month of expiration provides a safety buffer for the stock to recover from any short-term pullback. The 0.46 delta offers strong participation in the stock's eventual upside.

Buy: Buy if CVX stock drops to $201.00 or the premium falls below $5.80.

Sell: Sell when the premium reaches $11.00 or if the underlying stock breaches $188.00.

Premium $6.63 · Break-even $223.63 · Δ 0.46

With an October 2026 expiry and a 0.46 delta, this option offers robust exposure once current overbought conditions cool down.

Buy: Buy if CVX consolidates around 202.00 USD, bringing the contract premium down to 5.20 USD.

Sell: Sell if the underlying price exceeds 225.00 USD or the premium drops below 3.50 USD.

Premium $6.52 · Break-even $217.02 · Δ 0.46

This contract provides an extra month of duration and a solid 0.46 delta, making it the most robust option for riding the long-term uptrend.

Buy: Buy when CVX stock falls to $198.00.

Sell: Sell if the stock hits $220.00 or if the option premium falls to $3.00.

Premium $3.25 · Break-even $223.75 · Δ 0.28

With a 0.28 delta and long expiry, this contract represents a balanced-risk leveraged bet if the stock recovers strongly from its current overbought pullback.

Buy: Buy when CVX pulls back to $200.00 or the premium drops to $2.50.

Sell: Sell if CVX rises above $218.00 or if the premium drops below $1.50.

Premium $6.59 · Break-even $222.09 · Δ 0.46

This contract features a strong 0.46 delta and extra time value, making it the preferred vehicle for capitalizing on the medium-term uptrend.

Buy: Buy when the underlying stock retraces to $203.00 or the contract premium declines to $5.80.

Sell: Sell when the underlying stock reaches $225.00 or the contract premium falls below $3.00.