Chevron (CVX) Offering Possible 10.74% Return Over the Next 30 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 10.74% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $9.03 would be incurred if the stock dropped below the $100.00 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 30.73 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

Chevron (CVX) Gains As Market Dips: What You Should Know
Mon, 14 Oct 2019 21:50:09 +0000
Chevron (CVX) closed at $116.18 in the latest trading session, marking a +0.03% move from the prior day.

ExxonMobil and Chevron: Who Will Post Better Results?
Mon, 14 Oct 2019 14:45:52 +0000
ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They're scheduled to report their third-quarter earnings on November 1.

Energy ETFs Surge Amid Trade and Middle East News
Mon, 14 Oct 2019 13:53:13 +0000
A partial trade agreement and ongoing tensions in the Middle East may fuel oil stocks this week. Gain exposure to the sector using these three ETFs.

What Kind Of Shareholder Owns Most Chevron Corporation (NYSE:CVX) Stock?
Sun, 13 Oct 2019 14:12:18 +0000
Every investor in Chevron Corporation (NYSE:CVX) should be aware of the most powerful shareholder groups. Institutions…

Oil Jumps on Trade Hopes and Tanker Attack
Fri, 11 Oct 2019 19:46:19 +0000
Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked

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