Chevron (CVX) Offering Possible 13.64% Return Over the Next 9 Calendar Days

This article was originally published on this site

Chevron’s most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $108.00 short put and a strike $103.00 long put offers a potential 13.64% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $108.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $103.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Chevron is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Chevron is bullish.

The RSI indicator is at 74.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Chevron

Chevron, Total Said to Pull Foreign Staff From Venezuela
Tue, 08 Aug 2017 08:34:03 +0000
Aug.08 — Oil producers are said to be withdrawing foreign staff in Venezuela amid a deepening political crisis in the nation. Bloomberg’s Justin Carrigan reports on “Bloomberg Markets: European Open.”

CapEX Kings: Which S&P 500 Cos. Spend the Most
Mon, 07 Aug 2017 16:33:00 +0000
Goldman Sachs is out with a report showing the importance of capex spending.

Chevron, Total Pull All Foreign Staff in Venezuela
Mon, 07 Aug 2017 15:27:22 +0000
Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge …

The Zacks Analyst Blog Highlights: Apple, Pfizer, Intel, Chevron and Exxon Mobil
Mon, 07 Aug 2017 13:59:01 +0000
The Zacks Analyst Blog Highlights: Apple, Pfizer, Intel, Chevron and Exxon Mobil

Dow 30 Stock Roundup: Apple Impresses, Pfizer Beats on Earnings
Fri, 04 Aug 2017 20:45:08 +0000
The Dow breached the psychological 22,000 barrier during a week of strong gains.

Be Sociable, Share!

Related Posts