A chuck for use with a driver, the chuck including a body having a nose section defining an axial bore and a tail section. A plurality of jaws is in communication with the axial bore. A first sleeve is rotatably mounted to the body so that rotation of the sleeve moves the jaws either toward or away from a longitudinal center axis of the axial bore. A second sleeve is rotatably mounted to the body and is movable between a first position in which the second sleeve is rotatably fixed to the body and a second position in which the second sleeve is rotatable about the body. The second sleeve moves in a direction transverse to the longitudinal center axis of the axial bore when moving between the first position and the second position.