Chevron (CVX) Offering Possible 10.86% Return Over the Next 8 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 10.86% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $117.00 long call 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 down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 34.92 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

BHP Billiton approves $2.2 billion for U.S. Mad Dog oil project
Thu, 09 Feb 2017 07:10:08 GMT
Other – MELBOURNE (Reuters) – BHP Billiton (BHP.AX)(BLT.L) on Thursday approved its $2.2 billion (1.7 billion pounds) share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as …

BP’s 4Q16 Segmental Review: Upstream Swings to Profit
Wed, 08 Feb 2017 21:05:43 GMT

Crude Oil Price Tumbled Early on Massive Addition to US Inventories
Wed, 08 Feb 2017 16:10:18 GMT

Stock Futures Turn Lower as Oil Prices Decline
Wed, 08 Feb 2017 13:47:00 GMT

Parsley Energy Pays $2.8 Billion In Another Permian Deal, Updates Guidance
Wed, 08 Feb 2017 03:25:45 GMT

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