Chevron Corporation (CVX)
Chevron Max Pain By Strike
CVX trades at $155.2, 3.5% above the near-term max pain of $150 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($140-$155), indicating stable market expectations. Key magnetic zone at 150 where 7 expirations converge.
Chevron Max Pain By Expiry
Max pain for CVX shows stable levels around 148.33, reflecting balanced market expectations. The 10% spread signals divergent expectations across timeframes. Most levels below 155.2 may cap rallies. Strong magnetic level at 150 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 150 | -5.20 (-3.35%) |
| Aug 22, 2025 | 152.5 | -2.70 (-1.74%) |
| Aug 29, 2025 | 152.5 | -2.70 (-1.74%) |
| Sep 5, 2025 | 150 | -5.20 (-3.35%) |
| Sep 12, 2025 | 149 | -6.20 (-3.99%) |
| Sep 19, 2025 | 150 | -5.20 (-3.35%) |
| Sep 26, 2025 | 146 | -9.20 (-5.93%) |
| Oct 17, 2025 | 150 | -5.20 (-3.35%) |
| Nov 21, 2025 | 150 | -5.20 (-3.35%) |
| Dec 19, 2025 | 145 | -10.20 (-6.57%) |
| Jan 16, 2026 | 150 | -5.20 (-3.35%) |
| Feb 20, 2026 | 150 | -5.20 (-3.35%) |
| Mar 20, 2026 | 145 | -10.20 (-6.57%) |
| May 15, 2026 | 155 | -0.20 (-0.13%) |
| Jun 18, 2026 | 145 | -10.20 (-6.57%) |
| Sep 18, 2026 | 145 | -10.20 (-6.57%) |
| Dec 18, 2026 | 140 | -15.20 (-9.79%) |
| Jan 15, 2027 | 145 | -10.20 (-6.57%) |