Chevron (CVX) Offering Possible 12.49% Return Over the Next 23 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 12.49% return on risk over the next 23 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 $1.11 would be kept by the premium seller. The risk of $8.89 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 43.47 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

Huge response to high-quality trades on busy issuance day
Tue, 24 Feb 2015 23:32:28 GMT
Reuters – UK Focus – By Danielle Robinson NEW YORK, Feb 24 – Eli Lilly, Chevron and Kimberly-Clark were flooded with a total US$30bn of orders for US$8.7bn of new bonds as investors welcomed the opportunity to buy benchmark …

Chevron Raises $6.35 Billion in Biggest Oil Bond Deal Since Rout
Tue, 24 Feb 2015 23:12:09 GMT

Wait For the ‘Second Low' Before Buying Energy Stocks
Tue, 24 Feb 2015 20:24:00 GMT

Chevron Corporation — Moody's rates Chevron's proposed notes Aa1
Tue, 24 Feb 2015 16:43:03 GMT

Chevron: Weak Oil + Expensive Shares = Downgrade
Tue, 24 Feb 2015 15:17:00 GMT

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