Chevron (CVX) Offering Possible 66.67% Return Over the Next 16 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 66.67% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock rose above the $90.00 long call 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 down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 32.51 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 Corporation (CVX): Hedge Funds Taking Some Chips Off The Table
Tue, 01 Sep 2020 02:11:45 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

Australia's Ampol sued by Chevron over alleged 'Caltex' branding breaches
Mon, 31 Aug 2020 23:14:15 +0000
Chevron is alleging these breaches occurred due to Ampol's usage of “non-compliant” signage at 177 of its about 800 controlled retail sites, and is seeking an order for removal of the signage and damages, Ampol said in a statement. The alleged breaches were also seen at an unspecified number of third-party sites operating under a sub-licence from Ampol, it said. Ampol began the process of transitioning from “Caltex” to its old “Ampol” branding in December, after it received a termination notice from Chevron.

Australia's Ampol sued by Chevron over alleged trademark licence breaches
Mon, 31 Aug 2020 23:10:19 +0000
Ampol Ltd on Tuesday said Chevron Corp had sued the Australian fuel supplier alleging breaches of a trademark licence agreement under which Ampol previously used the U.S. company's “Caltex” brand. Chevron is alleging these breaches occurred due to Ampol's usage of “non-compliant” signage at 177 of its about 800 controlled retail sites, and is seeking an order for removal of the signage and damages, Ampol said in a statement. Ampol began the process of transitioning from “Caltex” branding to its old “Ampol” brand in December, after it received a termination notice from Chevron.

Walt Disney, JPMorgan Chase share losses lead Dow's nearly 125-point fall
Mon, 31 Aug 2020 19:47:00 +0000
DOW UPDATE The Dow Jones Industrial Average is down Monday afternoon with shares of Walt Disney and JPMorgan Chase facing the biggest drops for the price-weighted average. Shares of Walt Disney (DIS) and JPMorgan Chase (JPM) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 121 points (0.

RPT-Second U.S. shale boom's legacy: Overpriced deals, unwanted assets
Mon, 31 Aug 2020 13:21:08 +0000
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Oil companies are cutting their budgets to preserve cash and survive – not to spend it on buying more companies. Another 150 North American oil and gas producers could face bankruptcy by the end of 2022, according to Rystad Energy, if crude prices remain near current levels.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.