Chevron (CVX) Offering Possible 61.29% Return Over the Next 28 Calendar Days

view original post

Chevron’s most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 61.29% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $165.00 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 62.87 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

4 Warren Buffett Stocks That Are Absolutely Trouncing the Market
Thu, 21 Apr 2022 09:55:00 +0000
Warren Buffett is once again demonstrating why he’s called the Oracle of Omaha. While the S&P 500 is floundering, shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have jumped close to 17% year to date. A big part of Berkshire’s impressive gain is due to even better performances from individual stocks in its portfolio.

Exxon upgraded to outperform while Chevron downgraded at RBC
Thu, 21 Apr 2022 08:31:02 +0000
Exxon Mobil was upgraded to outperform from sector perform and its target price raised to $100 from $90 by RBC Capital Markets, saying the company will be one of the key beneficiaries of a tight refined oil products market. “With the world (and energy policy) now turned on its head, we believe XOM has two key advantages relative to peers 1) it is the largest refiner among the majors; and 2) it screens well on upstream portfolio longevity, an area we expect to be under increased scrutiny in a hig

Traders Pocket 100% Raises in Booming Corner of Fuel Markets
Wed, 20 Apr 2022 19:25:48 +0000
(Bloomberg) — In the hottest U.S. labor market in decades, the hottest job of them all right now might be trading fats.Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Rout Is Worst Since 2004, Punishing Roku and Disney, TooUkrainian Troops Risk Being Encircled in New Russian OffensiveAckman Loses More Than $430 Million on 3-Month Netflix BetUkraine Update: Mariupol on Brink; China Stands With MoscowThat’s right — animal fats. And greases, too

Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
Tue, 19 Apr 2022 21:45:09 +0000
Chevron (CVX) closed the most recent trading day at $171.83, moving -1.18% from the previous trading session.

Google’s Corio Says Grid Connections Jammed Up: BNEF Update
Tue, 19 Apr 2022 21:05:51 +0000
(Bloomberg) — Energy executives, government officials and financiers are converging in New York on Tuesday and Wednesday for the BNEF Summit, one of the premier conferences focused on the energy transition.Most Read from BloombergNetflix Tumbles as 200,000 Users Exit for First Drop in DecadeIn Defense of Elon Musk’s Managerial ExcellenceTwitter Has a Poison Pill NowPutin Calls Time on Foreign Listings in Fresh Hit to TycoonsU.S. Stops Mask Requirement on Planes After Judge’s RulingThe event is

Related Posts