
import yfinance as yf
cvx = yf.Ticker("cvx")


date = cvx.options[6]
cvx.option_chain(date).calls


cvx.option_chain(date).puts

	contractSymbol	lastTradeDate	strike	lastPrice	bid	ask	change	percentChange	volume	openInterest	impliedVolatility	inTheMoney	contractSize	currency
0	CVX240315C00075000	2024-01-05 20:13:49+00:00	75.0	75.70	74.95	76.70	5.019997	7.102428	1.0	1	0.841798	True	REGULAR	USD
1	CVX240315C00080000	2023-11-22 15:29:20+00:00	80.0	63.85	71.95	72.65	0.000000	0.000000	24.0	24	1.053716	True	REGULAR	USD
2	CVX240315C00085000	2023-11-21 20:59:02+00:00	85.0	60.35	65.95	67.10	0.000000	0.000000	NaN	2	0.855226	True	REGULAR	USD
3	CVX240315C00090000	2023-12-26 18:31:02+00:00	90.0	63.65	60.10	61.55	0.000000	0.000000	2.0	40	0.644047	True	REGULAR	USD
4	CVX240315C00095000	2023-12-26 18:31:02+00:00	95.0	58.70	55.25	56.60	0.000000	0.000000	NaN	2	0.607914	True	REGULAR	USD
5	CVX240315C00100000	2023-12-26 17:50:05+00:00	100.0	53.80	50.25	52.30	0.000000	0.000000	1.0	36	0.611088	True	REGULAR	USD
6	CVX240315C00105000	2023-08-01 19:00:05+00:00	105.0	57.50	57.15	58.20	0.000000	0.000000	NaN	8	1.370609	True	REGULAR	USD
7	CVX240315C00110000	2023-12-22 15:15:35+00:00	110.0	42.75	40.35	41.60	0.000000	0.000000	2.0	15	0.531255	True	REGULAR	USD
8	CVX240315C00115000	2023-12-07 15:49:28+00:00	115.0	29.91	35.35	37.05	0.000000	0.000000	4.0	16	0.514897	True	REGULAR	USD
9	CVX240315C00120000	2024-01-03 20:21:15+00:00	120.0	34.00	30.55	31.90	0.000000	0.000000	2.0	119	0.440191	True	REGULAR	USD
10	CVX240315C00125000	2023-12-13 15:22:41+00:00	125.0	19.31	25.25	27.70	0.000000	0.000000	1.0	85	0.438482	True	REGULAR	USD
11	CVX240315C00130000	2024-01-04 17:12:59+00:00	130.0	22.61	21.40	22.00	0.000000	0.000000	7.0	199	0.328620	True	REGULAR	USD
12	CVX240315C00135000	2024-01-05 15:23:13+00:00	135.0	18.05	17.10	17.35	-0.400002	-2.168030	2.0	199	0.289924	True	REGULAR	USD
13	CVX240315C00140000	2024-01-05 15:19:40+00:00	140.0	13.80	12.95	13.20	0.200000	1.470587	33.0	489	0.268806	True	REGULAR	USD
14	CVX240315C00145000	2024-01-05 18:58:37+00:00	145.0	9.71	9.35	9.50	-0.410000	-4.051382	11.0	2687	0.251594	True	REGULAR	USD
15	CVX240315C00150000	2024-01-05 20:48:18+00:00	150.0	6.31	6.30	6.40	-0.340000	-5.112784	222.0	1784	0.237923	True	REGULAR	USD
16	CVX240315C00155000	2024-01-05 20:48:18+00:00	155.0	3.95	3.95	4.05	-0.400000	-9.195399	138.0	3496	0.229439	False	REGULAR	USD
17	CVX240315C00160000	2024-01-05 20:59:23+00:00	160.0	2.39	2.37	2.43	-0.240000	-9.125476	160.0	6179	0.225166	False	REGULAR	USD
18	CVX240315C00165000	2024-01-05 20:45:04+00:00	165.0	1.35	1.32	1.38	-0.150000	-9.999999	168.0	6916	0.222786	False	REGULAR	USD
19	CVX240315C00170000	2024-01-05 20:59:54+00:00	170.0	0.72	0.72	0.78	-0.110000	-13.253006	441.0	2295	0.224373	False	REGULAR	USD
20	CVX240315C00175000	2024-01-05 18:48:43+00:00	175.0	0.39	0.38	0.43	-0.090000	-18.750002	8.0	2638	0.226570	False	REGULAR	USD
21	CVX240315C00180000	2024-01-04 16:35:29+00:00	180.0	0.25	0.20	0.25	-0.010000	-3.846150	1.0	1560	0.232430	False	REGULAR	USD
22	CVX240315C00185000	2024-01-04 14:42:51+00:00	185.0	0.21	0.12	0.15	0.000000	0.000000	1.0	1061	0.238777	False	REGULAR	USD
23	CVX240315C00190000	2024-01-05 20:40:15+00:00	190.0	0.08	0.05	0.10	-0.030000	-27.272728	16.0	855	0.249031	False	REGULAR	USD
24	CVX240315C00195000	2024-01-05 14:31:45+00:00	195.0	0.05	0.04	0.07	-0.010000	-16.666664	1.0	780	0.259773	False	REGULAR	USD
25	CVX240315C00200000	2023-12-26 17:20:21+00:00	200.0	0.05	0.00	0.11	-0.020000	-28.571426	10.0	634	0.297859	False	REGULAR	USD
26	CVX240315C00210000	2024-01-03 19:18:15+00:00	210.0	0.09	0.00	0.09	0.000000	0.000000	1.0	313	0.332038	False	REGULAR	USD
27	CVX240315C00220000	2023-11-14 15:07:21+00:00	220.0	0.03	0.00	0.08	0.000000	0.000000	10.0	6	0.365241	False	REGULAR	USD
28	CVX240315C00230000	2023-12-07 15:26:41+00:00	230.0	0.01	0.00	0.08	0.000000	0.000000	30.0	470	0.401373	False	REGULAR	USD
29	CVX240315C00240000	2023-12-12 19:44:58+00:00	240.0	0.01	0.00	0.08	0.000000	0.000000	31.0	457	0.435553	False	REGULAR	USD

	contractSymbol	lastTradeDate	strike	lastPrice	bid	ask	change	percentChange	volume	openInterest	impliedVolatility	inTheMoney	contractSize	currency
0	CVX240315P00075000	2023-12-06 15:46:27+00:00	75.0	0.04	0.00	0.08	0.000000	0.000000	5.0	610	0.613285	False	REGULAR	USD
1	CVX240315P00080000	2023-12-11 20:18:41+00:00	80.0	0.02	0.00	0.08	0.000000	0.000000	8.0	362	0.560551	False	REGULAR	USD
2	CVX240315P00085000	2023-12-11 20:18:01+00:00	85.0	0.05	0.00	0.08	0.000000	0.000000	7.0	36	0.511724	False	REGULAR	USD
3	CVX240315P00090000	2023-11-29 15:07:37+00:00	90.0	0.06	0.00	0.09	0.000000	0.000000	1.0	93	0.509771	False	REGULAR	USD
4	CVX240315P00095000	2023-11-17 20:52:56+00:00	95.0	0.15	0.02	0.11	0.000000	0.000000	2.0	70	0.473638	False	REGULAR	USD
5	CVX240315P00100000	2024-01-04 20:13:42+00:00	100.0	0.05	0.02	0.11	0.020000	66.666670	5.0	49	0.425787	False	REGULAR	USD
6	CVX240315P00105000	2023-12-26 15:01:51+00:00	105.0	0.08	0.03	0.14	0.000000	0.000000	10.0	188	0.394049	False	REGULAR	USD
7	CVX240315P00110000	2024-01-03 20:32:23+00:00	110.0	0.11	0.10	0.14	0.000000	0.000000	10.0	325	0.349128	False	REGULAR	USD
8	CVX240315P00115000	2024-01-04 16:45:21+00:00	115.0	0.18	0.17	0.21	0.000000	0.000000	14.0	1131	0.326179	False	REGULAR	USD
9	CVX240315P00120000	2024-01-05 16:06:39+00:00	120.0	0.28	0.29	0.33	-0.010000	-3.448272	1.0	1166	0.306159	False	REGULAR	USD
10	CVX240315P00125000	2024-01-05 20:45:47+00:00	125.0	0.50	0.49	0.54	0.050000	11.111114	7.0	2354	0.289314	False	REGULAR	USD
11	CVX240315P00130000	2024-01-05 16:06:39+00:00	130.0	0.88	0.85	0.91	0.220000	33.333330	6.0	2348	0.275886	False	REGULAR	USD
12	CVX240315P00135000	2024-01-05 19:38:09+00:00	135.0	1.48	1.47	1.54	-0.050000	-3.267971	17.0	3836	0.265266	False	REGULAR	USD
13	CVX240315P00140000	2024-01-05 20:47:28+00:00	140.0	2.49	2.45	2.51	-0.020000	-0.796812	148.0	4685	0.254890	False	REGULAR	USD
14	CVX240315P00145000	2024-01-05 19:47:28+00:00	145.0	4.00	3.90	4.00	0.150000	3.896107	423.0	5311	0.247566	False	REGULAR	USD
15	CVX240315P00150000	2024-01-05 20:51:45+00:00	150.0	6.00	5.95	6.05	0.200000	3.448272	263.0	2792	0.239998	False	REGULAR	USD
16	CVX240315P00155000	2024-01-05 18:08:00+00:00	155.0	8.45	8.65	8.80	0.210000	2.548544	207.0	1256	0.235481	True	REGULAR	USD
17	CVX240315P00160000	2024-01-04 15:14:14+00:00	160.0	10.65	12.05	12.60	0.000000	0.000000	3.0	2578	0.250679	True	REGULAR	USD
18	CVX240315P00165000	2024-01-05 17:09:24+00:00	165.0	16.23	16.15	16.45	1.250000	8.344460	6.0	1412	0.248909	True	REGULAR	USD
19	CVX240315P00170000	2024-01-05 19:55:53+00:00	170.0	21.08	20.05	20.90	1.629999	8.380458	1.0	222	0.261482	True	REGULAR	USD
20	CVX240315P00175000	2023-12-06 19:53:37+00:00	175.0	31.85	24.50	26.15	0.000000	0.000000	720.0	239	0.318122	True	REGULAR	USD
21	CVX240315P00180000	2023-11-07 17:42:29+00:00	180.0	37.90	36.00	38.05	0.000000	0.000000	1.0	0	0.653080	True	REGULAR	USD
22	CVX240315P00185000	2023-09-11 16:42:38+00:00	185.0	21.67	25.35	26.00	0.000000	0.000000	3.0	6	0.000010	True	REGULAR	USD
23	CVX240315P00190000	2023-09-22 17:34:23+00:00	190.0	24.91	25.45	26.00	0.000000	0.000000	NaN	10	0.000010	True	REGULAR	USD
24	CVX240315P00200000	2023-09-06 17:47:50+00:00	200.0	33.55	37.70	38.95	0.000000	0.000000	10.0	0	0.000010	True	REGULAR	USD
25	CVX240315P00230000	2023-10-27 19:27:37+00:00	230.0	86.42	83.65	85.50	0.000000	0.000000	2.0	0	0.894532	True	REGULAR	USD

Options and their Uses¶

BUSI 722: Data-Driven Finance II¶

Kerry Back, Rice University¶

Options and Open Interest¶

Example¶

Clearinghouse¶

Hedging, speculation, and income¶

Calls, puts, and strikes¶

American and European¶

Moneyness¶

Value of a call at maturity¶

Value of a put at maturity¶

Option Data from Yahoo¶

Buying Calls to Bet on a Stock¶

Buying Puts to Bet Against a Stock¶

Limited Liability¶

Buying Puts for Protection¶

Selling Calls for Income¶

Collars¶