Chevron Offering Possible 10.01% Return Over the Next 10 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 10.01% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $9.09 would be incurred if the stock dropped below the $110.00 long put strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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 leads energy stocks higher
Wed, 06 Nov 2013 21:42:14 GMT
MarketWatch – Energy stocks edge higher on Wednesday, with Chevron Corp. leading the way and Chesapeake Energy Corp. a top decliner following its third-quarter earnings report.

Dow hits another record high
Wed, 06 Nov 2013 21:12:00 GMT
CNNMoney.com – The Dow rose to an all-time high Wednesday as investors focused on mostly solid corporate earnings. The Dow gained 126 points to surpass its record high from last week. Microsoft and Chevron were the best …

Dow Today: Chevron (CVX) Higher
Wed, 06 Nov 2013 18:00:00 GMT
TheStreet – Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. The …

Oil Gains, Crude Inventories Rise
Wed, 06 Nov 2013 16:49:30 GMT
TheStreet – Independent Trader Cindy Wexler weighs on a drop in crude inventories, and the World Gold Council's Marcus Grubb addresses Fed action.

Dow Morning Report: Microsoft, Chevron Lift the Dow as Nike Stumbles
Wed, 06 Nov 2013 16:12:02 GMT
Motley Fool – The Dow rose by triple-digits early in the session before giving back some ground. Microsoft and Chevron lifted the index even as Nike was among the few losers.

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