Chevron (CVX) Offering Possible 8.46% Return Over the Next 9 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 $120.00 long put offers a potential 8.46% return on risk over the next 9 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 $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $120.00 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 67.77 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

Crude Oil Just Broke Out – Here's What It Means
Thu, 12 Jun 2014 16:51:00 GMT

Airlines Down, Oil Is Up As Stocks Slide
Thu, 12 Jun 2014 16:10:00 GMT

The Dow Drops Again, But Chevron, ExxonMobil Climb
Thu, 12 Jun 2014 15:04:28 GMT

Dow Today: Chevron (CVX) Higher
Thu, 12 Jun 2014 15:00:00 GMT

Stocks Open Lower, Oil Rises, Twitter Up
Thu, 12 Jun 2014 14:46:00 GMT

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