Chevron (CVX) Offering Possible 28.87% Return Over the Next 22 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 28.87% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $3.88 would be incurred if the stock dropped below the $127.00 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 at 60.87 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

Crude Oil Prices Jump After Oil Inventories Decline
Wed, 23 Jul 2014 16:42:30 GMT

Oil Companies' ‘Moral High Ground' to do Russian Business Shattered
Wed, 23 Jul 2014 13:58:30 GMT

Here's What Investors Need to Know About Chevron's Second Quarter Update
Wed, 23 Jul 2014 12:24:07 GMT

The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Exxon Mobil, Baker Hughes and Schlumberger
Wed, 23 Jul 2014 11:55:45 GMT

Chevron (CVX): Strong Industry, Solid Earnings Estimate Revisions
Wed, 23 Jul 2014 10:45:54 GMT

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