Chevron Offering Possible 6.16% Return Over the Next 24 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 6.16% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $9.42 would be incurred if the stock dropped below the $105.00 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 61.75 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

City of Patterson and Chevron Energy Solutions ‘Flip the Switch' on Major Sustainability Program
Thu, 24 Oct 2013 12:00:00 GMT
PR Newswire – PATTERSON, Calif., Oct. 24, 2013 /PRNewswire/ — The City of Patterson and Chevron Energy Solutions will ‘flip the switch' on a solar and energy efficiency project that is expected to save the community …

Chevron Calls Star Witness: A Bribe-Taking Former Judge
Thu, 24 Oct 2013 10:10:17 GMT
BusinessWeek – Alberto Guerra is testifying that he helped a plaintiffs' attorney fix a pollution trial in Ecuador

Offshore Hijinks
Thu, 24 Oct 2013 09:00:00 GMT
TheStreet – Dan Dicker talks with Stephanie Link about the failed offshore auction in Brazil and what that means for other offshore oil stocks.

Former Ecuadorean judge testifies to bribery in Chevron case
Wed, 23 Oct 2013 22:07:43 GMT

Ecuador Judge Testifies to Taking Bribes in Chevron Suit
Wed, 23 Oct 2013 21:19:22 GMT
Bloomberg – A former Ecuadorean judge who presided over a pollution case against Chevron Corp. testified that he and a colleague who issued a $19 billion judgment against the company in the environmental lawsuit were …

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