CVX vs FANG: Options Risk Comparison

CHEVRON CORP and Diamondback Energy, Inc. compared side by side — risk score, IV Rank, edge and earnings. Updated every 30 minutes.

Metric	CVX	FANG
Risk Score	64	81
Risk Band	MEDIUM	HIGH
IV Rank	63.0	69.0
IV %	28.4%	38.7%
Edge Score	-1	-12
Price Δ	+2.0%	+2.1%
Next Earnings	2026-07-31	2026-08-03
Sector	Energy	Energy

Which has higher options risk?

Diamondback Energy, Inc. (FANG) currently carries the higher options risk score (81 vs 64 for CVX) — meaning more active catalysts that can drive an overnight move. For selling option premium, CHEVRON CORP (CVX) has the better edge score (-1) — a stronger blend of high IV Rank and low risk.

Risk score (0–100) reflects active catalysts — earnings, legal, SEC filings and news. Edge score = IV Rank − risk score; higher is better for selling premium.

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CVX risk pages

CVX overview CVX IV / options CVX earnings FANG overview FANG IV / options FANG earnings

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