Chevron (CVX) Offering Possible 40.85% Return Over the Next 8 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $135.00 short put and a strike $130.00 long put offers a potential 40.85% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $130.00 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 63.6 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

Could This Be The Last Great American Oil Boom?
Wed, 09 Feb 2022 01:00:00 +0000
Supermajors are looking to ramp up oil production in shale basins by as much as 25%, and it could spark what may just become the last great American oil boom

Advisory: 2022 Chevron Investor Day
Tue, 08 Feb 2022 22:00:00 +0000
SAN RAMON, Calif., February 08, 2022–Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its annual investor day on Tuesday, March 1, 2022, at 10:00 a.m. ET (7:00 a.m. PT).

Optimism Over Iran Nuclear Deal Drags Oil Prices Down
Tue, 08 Feb 2022 20:00:00 +0000
Oil prices are under pressure due to the rumors circulating that a new nuclear deal with Iran is within reach, a deal that would drive new oil supply.

BlackRock’s Larry Fink Meets Big Oil and Its Foes to Navigate Climate Fight
Tue, 08 Feb 2022 19:45:06 +0000
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Fiduciary Planning LLC Buys Chevron Corp, Sells iShares Core S&P 500 ETF, Apple Inc, …
Tue, 08 Feb 2022 19:38:27 +0000
Investment company Fiduciary Planning LLC (Current Portfolio) buys Chevron Corp, sells iShares Core S&P 500 ETF, Apple Inc, Microsoft Corp, Amazon.com Inc, Verizon Communications Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Fiduciary Planning LLC.

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