Chevron (CVX) Offering Possible 10.25% Return Over the Next 38 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 10.25% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $9.07 would be incurred if the stock rose above the $120.00 long call 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 at 37.57 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

Short Sellers Worry That the Bottom in Oil Has Been Seen
Tue, 12 May 2015 12:40:24 GMT

Kuwait seeks arbitration in oil row with Saudi: report
Tue, 12 May 2015 09:42:46 GMT

Saudi Chevron Halting Output at Wafra Oil Fields for Maintenance
Tue, 12 May 2015 08:09:02 GMT

Kuwait seeks arbitration in oil row with Saudi: report
Mon, 11 May 2015 23:42:46 GMT
AFP – Kuwait has requested arbitration in a dispute with Saudi Arabia over shared oil production from the neutral zone between the Gulf neighbours which has completely halted, a newspaper reported Tuesday. It said that Kuwait has now requested international arbitration but that the terms of the treaty stipulate that can only happen with Saudi Arabia's agreement. The dispute has seen production from the zone completely halted in a blow to Kuwait, which, unlike its much larger neighbour, has little spare output capacity to compensate. Industry sources say Kuwaiti authorities were unhappy with Saudi Arabia for renewing an agreement with Saudi Arabian Chevron for 30 years in 2009 without consulting them.

The Zacks Analyst Blog Highlights: Automatic Data Processing, Walt Disney, Visa, Chevron and DuPont – Press Releases
Mon, 11 May 2015 13:30:01 GMT

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