Chesapeake's most recent trend suggests a bullish bias. One trading opportunity on Chesapeake is a Bull Put Spread using a strike $25.00 short put and a strike $20.00 long put offers a potential 8.46% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $25.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $20.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Chesapeake 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 Chesapeake is bullish.
The RSI indicator is at 29.07 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 Chesapeake
3 Key Takeaways from Chesapeake’s Third Quarter
Thu, 14 Nov 2013 18:25:57 GMT
Motley Fool – Despite the recent sell-off, Chesapeake’s liquids production growth, cost reductions, and improving financial health bode well for the company’s future.
CHESAPEAKE ENERGY CORP Financials
Thu, 14 Nov 2013 18:04:10 GMT
Apache Remains a Compelling Buy
Thu, 14 Nov 2013 16:02:10 GMT
Motley Fool – Why Apache’s solid domestic growth prospects and attractive valuation make it an intriguing investment opportunity.
Natural Gas Supply Report Supports Price
Thu, 14 Nov 2013 15:50:38 GMT
Chesapeake Is On The Right Track
Thu, 14 Nov 2013 14:30:59 GMT
Seeking Alpha – A solid strategy can turnaround a company in a matter of months – we can see how it has changed for Chesapeake ( CHK ), and how the stock has reached the heights not seen in the past two years. Under the …
Related Posts
Also on Market Tamer…
Follow Us on Facebook