
Chevron (CVX) stock has been rising, up $2.85 on Monday, June 26, to $154.15 along with higher prices of oil and gas this weekend. The 3.90% CVX stock dividend yield and its massive buybacks are attractive to value buyers, including short-put traders.
I discussed this in my June 2 article, “Chevron Attracts Value Buyers And Short Sellers Of Its Out-Of-The-Money Puts For Extra Income," and my May 19 article, “Chevron Stock Is Off Since Its Q1 Earnings, But Its 3.92% Yield And Low P/E Make It Attractive.”