Chevron (CVX) Offering Possible 12.61% Return Over the Next 9 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $127.00 short call and a strike $132.00 long call offers a potential 12.61% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $127.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $132.00 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 35.15 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

Militant advance disrupts oil production in Iraqi Kurdistan
Fri, 08 Aug 2014 10:50:45 GMT

[$$] Chevron Cuts Kurdistan Personnel as Islamic State Advances
Thu, 07 Aug 2014 17:32:34 GMT

Oil Explorers Reduce Kurdish Operations as ISIS Nears
Thu, 07 Aug 2014 17:32:20 GMT

Chevron pulling staff from Iraqi Kurdistan as IS advances
Thu, 07 Aug 2014 16:29:51 GMT

Energy reform approved, Mexico to speed up deals with Big Oil -source
Thu, 07 Aug 2014 16:07:01 GMT
Reuters – UK Focus – After a months-long delay in passage of a landmark overhaul of Mexico's state-run energy sector, the government now plans to accelerate the timetable for inking joint ventures with private oil firms to …

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