Chevron (CVX) Offering Possible 9.17% Return Over the Next 11 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $102.00 short call and a strike $107.00 long call offers a potential 9.17% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $102.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $107.00 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 24.02 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

COLUMN-LNG producers' quandary: embrace or rage against new market structure – Russell
Mon, 08 Aug 2016 09:57:29 GMT

OPEC May Discuss Output Freeze Again; U.S. Oil Rigs Keep Rising
Fri, 05 Aug 2016 20:37:11 GMT

Oil Correction Stalls On Strong Dollar, Rising Rig Count
Fri, 05 Aug 2016 20:00:00 GMT

Chevron (CVX) Stock Retreating As Stronger Dollar Weighs on Oil Prices
Fri, 05 Aug 2016 18:28:00 GMT

Louisiana pols go to court blaming Big Oil for coastal ruin
Fri, 05 Aug 2016 17:27:46 GMT

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