Chevron (CVX) Offering Possible 29.53% 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 $88.00 short call and a strike $93.00 long call offers a potential 29.53% 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 $88.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock rose above the $93.00 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 36.17 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

Exxon Reinforces Dividend With New Cuts, Slower Permian Ramp; CEO Mum On Chevron Merger
Tue, 02 Feb 2021 21:34:51 +0000
Exxon Mobil beat earnings views Tuesday and sought to further reinforce its dividend with more cost cuts.

Why Oil Stocks Are Trading Higher Today
Tue, 02 Feb 2021 17:47:44 +0000
The shares of several oil companies are trading higher on Tuesday in sympathy with crude oil prices. The price of WTI crude surged to $55 per barrel for the first time since January 2020. Apache Corporation (NASDAQ: APA) based in Houston, is one of the largest independent exploration and production companies in the world. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. Apache Corporation shares were trading up 5.19% at $15.90. The stock has a 52-week high of $29.44 and a 52-week low of $3.80. Chevron (NYSE: CVX) is the second-largest oil company in the United States, with the production of 3.2 million barrels of oil equivalent a day, including 7.6 million cubic feet a day of natural gas 2 million barrels of liquids a day. Chevron shares were trading up 1.41% at $87.64. The stock has a 52-week high of $112.60 and a 52-week low of $51.60. Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.4 million barrels of liquids and 9.4 billion cubic feet of natural gas per day. Exxon Mobil shares were trading up 2.94% at $46.24. The stock has a 52-week high of $63.01 and a 52-week low of $30.11. See more from BenzingaClick here for options trades from BenzingaWhy BP's Stock Is Trading Lower TodayWhy Harley-Davidson's Stock Is Trading Lower Today© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Exxon’s Earnings Were Messy, but There’s Good Dividend News
Tue, 02 Feb 2021 14:57:00 +0000
In addition to posting hopeful guidance for 2021, Exxon Mobil is adding a new independent director to the board.

Why an Exxon and Chevron Merger Seems Like a Stretch
Tue, 02 Feb 2021 12:50:00 +0000
The logic behind a tie-up of Exxon Mobil and Chevron, the two biggest U.S oil companies, doesn’t seem to work right now, and may not make sense at all during the current oil cycle.

Oil & Gas Stock Roundup: Chevron, Phillips 66 Q4 Earnings, News From Linde & Shell
Tue, 02 Feb 2021 12:11:12 +0000
Energy companies Chevron (CVX), Phillips 66 (PSX) and Valero Energy (VLO) reported December-quarter earnings.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.