Chevron (CVX) Offering Possible 6.38% Return Over the Next 23 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 6.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $115.00 long put 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 up which suggests that the medium-term momentum for Chevron is bullish.

The RSI indicator is at 74.13 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

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See what the IHS Markit Score report has to say about Chevron Corp.
Mon, 22 Jan 2018 13:08:10 +0000
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Analyzing the Short Interest in Shell before Its 4Q17 Earnings
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Did Chevron Corporation (NYSE:CVX) Create Value For Investors Over The Past Year?
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Chevron Corporation’s (NYSE:CVX) most recent return on equity was a substandard 4.45% relative to its industry performance of 9.13% over the past year. An investor may attribute an inferior ROERead More…

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