Chevron (CVX) Offering Possible 26.26% Return Over the Next 20 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 26.26% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $116.00 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

Equinor eyes Chevron's stake in UK's Rosebank oil and gas field -sources
Fri, 28 Sep 2018 09:23:23 +0000
LONDON (Reuters) – Norway's Equinor (EQNR.OL) is interested in buying Chevron's (CVX.N) stake in Rosebank, an oil and gas field in the British part of the North Sea, two sources close to the process told …

Oil majors to bet big on Brazil oil amid election uncertainty
Fri, 28 Sep 2018 04:04:13 +0000
Oil majors are set to gather in Rio de Janeiro on Friday to unveil bids for stakes in Brazil's high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry. The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring some candidates seeking to slow oil auctions, revise market-friendly legislation or even claw back areas already awarded. “We have a good portfolio, and we agree that this country respects contracts,” said Andre Araujo, Royal Dutch Shell's (RDSa.AS) Brazil country manager, on the sidelines of a Rio oil conference this week.

A Look at the Firms With the Largest Changes in Third-Quarter Earnings Estimates
Thu, 27 Sep 2018 18:01:00 +0000
With the Federal Open Market Committee dropping its “accommodative” stance–take that with a grain of salt, of course, since the New York Fed owned $3.989 trillion of Treasury and Agency securities as of last week–earnings will once again come to the fore.

Nuclear Power’s Big Problem Isn't That It's Nuclear
Thu, 27 Sep 2018 16:51:44 +0000
Southern Co. has snatched defeat from the jaws of a different kind of defeat. On Wednesday, its subsidiary, Georgia Power Co., reached an eleventh-hour agreement with the three other owners of the Vogtle nuclear construction project to move forward with it. Georgia Power agreed to take on a disproportionate share of the risk of future cost increases in exchange for greater control over Vogtle’s future.

Chevron's Rosebank Share Attracts Potential Buyer's Interest
Thu, 27 Sep 2018 14:32:02 +0000
Chevron's (CVX) U.K. portfolio will only have Clair field stake if it divests Rosebank interest.

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