Chevron (CVX) Offering Possible 15.74% Return Over the Next 6 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 15.74% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $120.00 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 above 80 which suggests that the stock is in overbought territory.

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

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Thu, 13 Jan 2022 19:56:01 +0000
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Innova Wealth Partners Buys iShares 7-10 Year Treasury Bond ETF, ProShares Short VIX Short-Term …
Thu, 13 Jan 2022 18:38:18 +0000
Investment company Innova Wealth Partners (Current Portfolio) buys iShares 7-10 Year Treasury Bond ETF, ProShares Short VIX Short-Term Futures ETF, iShares Core U.S.

Wealth Alliance Advisory Group, LLC Buys ProShares Short 7-10 Year Treasury, Raytheon …
Thu, 13 Jan 2022 18:38:14 +0000
Investment company Wealth Alliance Advisory Group, LLC (Current Portfolio) buys ProShares Short 7-10 Year Treasury, Raytheon Technologies Corp, Exxon Mobil Corp, Chevron Corp, Enbridge Inc, sells iShares Core MSCI Emerging Markets ETF, iShares Short Treasury Bond ETF, CrossFirst Bankshares Inc, AT&T Inc, ARK Innovation ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Wealth Alliance Advisory Group, LLC.

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