Chevron (CVX) Offering Possible 32.98% Return Over the Next 18 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 32.98% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $96.00 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 75.97 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

U.S. Market Indexes Close Lower for the Week
Sat, 30 Apr 2016 20:54:22 GMT

Chevron Reports First-Quarter Loss of $725 Million
Sat, 30 Apr 2016 13:13:03 GMT
noodls – San Ramon, Calif., April 29, 2016 – Chevron Corporation (NYSE: CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 …

[$$] Big Oil, Big Mistake: Investors Overpay for Income at Exxon
Sat, 30 Apr 2016 04:20:27 GMT

Business Highlights
Fri, 29 Apr 2016 22:33:10 GMT

Business Highlights
Fri, 29 Apr 2016 22:33:10 GMT

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