Chevron (CVX) Offering Possible 24.38% Return Over the Next 14 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 24.38% return on risk over the next 14 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 $0.98 would be kept by the premium seller. The risk of $4.02 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

Quest for new oil discoveries still on back burner
Thu, 04 Jan 2018 07:11:10 +0000
Despite the strongest start for oil prices in four years, the world's top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. Exxon Mobil (XOM.N), Royal Dutch Shell (RDSa.L), Total (TOTF.PA) and their peers are set to cut spending on oil and gas exploration for a fifth year in a row in 2018, according to consultancy Wood Mackenzie (WoodMac), despite a growing urgency to replenish reserves after years of reining back investment.

Can Norway Survive Without Big Oil?
Wed, 03 Jan 2018 22:00:00 +0000
Of the 102 Norwegian Arctic oil blocks or parts of blocks auctioned in December, there was only one supermajor in the crowd

5 Blue-Chip Stocks to Buy in January
Wed, 03 Jan 2018 19:24:23 +0000
U.S. equities are showing no signs of slowing their incredible vertical ascent, kicking off 2018 with a two-day push to new record highs. Energy stocks are on the move thanks to a persistent gain in oil prices.

What Do Analysts Expect of Chevron’s Dividend Payment?
Wed, 03 Jan 2018 15:32:50 +0000
Chevron’s (CVX) dividend payments have remained mostly steady over the past few years. In 4Q17, Chevron’s dividend payment stood at $1.08 per share.

Analysts’ Ratings for Chevron: Why Most Call It a ‘Buy’
Wed, 03 Jan 2018 14:03:01 +0000
Chevron (CVX) has been recommended by a total of 24 analysts. Of this total, 15 analysts (or 63%) have assigned “buy” or “strong buy” ratings to the stock.

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