Chevron (CVX) Offering Possible 20.19% Return Over the Next 15 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $119.00 short call and a strike $124.00 long call offers a potential 20.19% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $119.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock rose above the $124.00 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 22.95 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

Rhonda I. Zygocki Announces Retirement; Senior Leadership Reporting Assignments Announced
Fri, 03 Oct 2014 17:15:00 GMT
Business Wire – Chevron Corporation announced today that Rhonda I. Zygocki, executive vice president, Policy and Planning, has elected to retire from the company after 34 years of outstanding service effective Feb.

Chevron Defends Its RICO Victory in the Epic Ecuadorian Oil Pollution Case
Fri, 03 Oct 2014 15:20:10 GMT

Exxon Mobil & JV Partner to Use FLNG on Scarborough Project
Fri, 03 Oct 2014 13:30:03 GMT

Ebola outbreak upsets Exxon drilling plans
Fri, 03 Oct 2014 03:00:34 GMT

Chevron to Sell Gulf Coast Natural Gas Pipeline Properties
Thu, 02 Oct 2014 18:45:02 GMT

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