01 — CVX · BEAR CALL SPREADS
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.
02 — Live setups
Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.
| Spread | Expiration | Credit | Return ↓ | PoP |
|---|---|---|---|---|
$237.5 / $242.5 3.6% OTM · 5 wide | Nov 20 22 days | $150 $1.50 / share | 42.86% | 61% |
$240 / $245 4.7% OTM · 5 wide | Nov 27 29 days | $133 $1.33 / share | 36.24% | 66% |
$240 / $245 4.7% OTM · 5 wide | Nov 20 22 days | $103 $1.03 / share | 25.94% | 67% |
$242.5 / $245 5.8% OTM · 3 wide | Nov 20 22 days | $46 $0.46 / share | 22.55% | 73% |
$245 / $250 6.9% OTM · 5 wide | Dec 4 36 days | $62 $0.62 / share | 14.16% | 73% |
03 — Strategy
Moderately bearish or neutral traders seeking defined-risk credit income.
04 — By condition
05 — RUN IT LIVE
Option Agent scans live chains and recommends setups based on current market conditions.
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