Chevron (CVX) Offering Possible 52.91% Return Over the Next 7 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $136.00 short put and a strike $131.00 long put offers a potential 52.91% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $136.00 by expiration. The full premium credit of $1.73 would be kept by the premium seller. The risk of $3.27 would be incurred if the stock dropped below the $131.00 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 66.34 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

Read This Before Considering Chevron Corporation (NYSE:CVX) For Its Upcoming US$1.42 Dividend
Thu, 10 Feb 2022 09:19:34 +0000
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Could This Be The Last Great American Oil Boom?
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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).

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