I thought it was worth the wait also, but after the ex. Div date, the stock will adjust for the amount of .90..meaning at the end of Feb options the stock will be lower then 115.00. The options will expire worthless. This stock should be trading higher between 120-122 range. This week the stock had barely moved.
over the long run, the cvx stock price has always and forever will reflect the underlying state of the enterprise...just stay invested, reinvest the dividends, stop watching day-to-day movements and gradually benefit from this very healthy business