Chevron Corp (CVX) stock is down slightly in the last month to $159.22 as of March 28. But investors can still take advantage of its high out-of-the-money put option premiums by shorting them for income and to reduce buy-in costs.
Oil prices have slowly started to reach a recent bottom here after falling for much of Q1. Analysts expect that earnings for Q1 for Chevron will be lower. But this is mostly in the stock price now.
