Chevron (CVX) Offering Possible 35.5% Return Over the Next 24 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 35.5% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $111.00 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 57.21 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

Chevron Sanctions Stampede Project in the Deepwater U.S. Gulf of Mexico
Thu, 30 Oct 2014 02:53:27 GMT
noodls – Miocene field holds 300 million barrels of recoverable resources SAN RAMON, Calif., Oct. 28, 2014 – Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California …

Exercising Caution With Exxon, Conoco and Chevron
Wed, 29 Oct 2014 21:51:00 GMT

Stocks end modestly lower as Fed pulls plug on QE
Wed, 29 Oct 2014 20:30:40 GMT

Chevron Announces Quarterly Dividend
Wed, 29 Oct 2014 20:30:00 GMT
Business Wire – The Board of Directors of Chevron Corporation today declared a quarterly dividend of one dollar and seven cents per share, payable December 10, 2014, to holders

Will Falling Oil Prices Pull Down Chevron (CVX) Q3 Earnings?
Wed, 29 Oct 2014 18:58:25 GMT

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