CVX Implied Volatility
CVX $232.01 · Updated Oct 26, 4:00 PM ET
CVX at-the-money implied volatility is 41.7% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 31.6%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 30, 2026 | 4 | 232.5 | 41.7% |
| Nov 6, 2026 | 11 | 232.5 | 36.4% |
| Nov 13, 2026 | 18 | 230 | 33.5% |
| Nov 20, 2026 | 25 | 232.5 | 34.2% |
| Nov 27, 2026 | 32 | 230 | 31.6% |
| Dec 4, 2026 | 39 | 230 | 33.0% |
| Dec 18, 2026 | 53 | 230 | 29.7% |
| Jan 15, 2027 | 81 | 230 | 28.8% |
| Mar 19, 2027 | 144 | 230 | 29.2% |
SKEW, OCT 30, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 212.5 | 74.8% | 46.4% |
| 215 | 65.7% | 43.9% |
| 217.5 | 60.5% | 43.8% |
| 220 | 59.5% | 42.7% |
| 222.5 | 47.9% | 41.7% |
| 225 | 48.5% | 40.1% |
| 227.5 | 46.8% | 42.5% |
| 230 | 44.3% | 42.3% |
| 232.5 | 41.7% | 41.8% |
| 235 | 41.2% | 45.1% |
| 237.5 | 41.0% | 48.6% |
| 240 | 40.7% | 46.6% |
| 242.5 | 40.8% | 49.8% |
| 245 | 41.1% | n/a |
| 247.5 | 42.0% | 58.7% |
| 250 | 42.2% | 60.8% |
| 255 | 45.3% | 75.0% |
How this is calculated: Implied Volatility methodology