Implied volatility in CVX
Implied volatility in Chevron (CVX) currently stands at 19.9%, up from its December 19, 2016, level of 15.6%. During the same period, Chevron stock fell 1.5%.
Peers’ implied volatility
Suncor Energy (SU) and BP (BP) have higher implied volatilities than CVX, standing at 20.7% and 20.2%, respectively. If you’re looking for exposure to energy sector stocks, you can consider the Energy Select Sector SPDR ETF (XLE).