Chevron (CVX) Offering Possible 16.64% 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 $105.00 short put and a strike $97.50 long put offers a potential 16.64% 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 $105.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $6.43 would be incurred if the stock dropped below the $97.50 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 75.63 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

The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Deere & Co, Capital One Financial and ConocoPhillips
Tue, 16 Mar 2021 10:49:10 +0000
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Chevron (CVX) Stock Sinks As Market Gains: What You Should Know
Mon, 15 Mar 2021 21:50:09 +0000
Chevron (CVX) closed the most recent trading day at $110.25, moving -1.17% from the previous trading session.

Earnings Estimates Rising for Chevron (CVX): Will It Gain?
Mon, 15 Mar 2021 16:20:04 +0000
Chevron (CVX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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