Covered calls at the $200 strike for Chevron Corp (CVX) stock, 5.3% higher, yields 2.1% in one month. Moreover, the 10% higher CVX call strike price yields 1.0% over one month. It may make sense for investors to short out-of-the-money (OTM) puts and calls. This article will show why. CVX closed at $189.94 on Friday, March 6. That's up slightly from Feb. 27, just +1.7%, right before the Iran war started, when CVX closed at $186.76. So, is CVX stock near a peak? More News from Barchart CVX stock - last 3 ...