Chevron (CVX) Offering Possible 17.37% Return Over the Next 13 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $127.00 short put and a strike $122.00 long put offers a potential 17.37% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $127.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $122.00 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

Boeing’s stock leads the charge to Dow 25,000, adding about 150 points
Thu, 04 Jan 2018 18:53:48 +0000
The Dow Jones Industrial Average broke above 25,000 for the first time in history Thursday, the fastest move ever to the next 1,000-point milestone, according WSJ Market Data Group. The advance this time …

Chevron Fourth Quarter 2017 Earnings Conference Call
Thu, 04 Jan 2018 18:00:00 +0000
San Ramon, CA, Jan. 04, 2018– Chevron Corporation, one of the world’ s leading energy companies, will hold its quarterly earnings conference call on Friday, February 2, 2018, at 11:00 a.m. ET. Conference …

Crude Oil Price Steady as Gas, Diesel Stockpiles Soar
Thu, 04 Jan 2018 17:10:06 +0000
The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.

Why Chevron’s Valuations Command a Premium over Its Peers’
Thu, 04 Jan 2018 15:31:11 +0000
Earlier, we discussed changes in Chevron’s (CVX) short interest. In this article, we'll consider CVX’s forward valuations compared to those of its peers.

Why Has Short Interest in Chevron Fallen?
Thu, 04 Jan 2018 14:02:02 +0000
Chevron (CVX) has witnessed a fall in its short interest position (the percentage of its outstanding shares) from 1.5% on October 2, 2017, to its current level of 1.2%.

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