Chevron Offering Possible 13.9% Return Over the Next 22 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 13.9% return on risk over the next 22 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 $1.22 would be kept by the premium seller. The risk of $8.78 would be incurred if the stock dropped below the $115.00 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 60.28 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

Worst Fuel Oil Loss Since 2011 Seen Easing on Import Cut: Energy
Fri, 27 Dec 2013 20:44:17 GMT
Bloomberg – Refining losses from producing fuel oil in Asia are poised to narrow as imports from western countries and Iran decline while global economic growth boosts demand for transportation fuels.

5 Low PE Companies To Research This Weekend
Fri, 27 Dec 2013 20:35:59 GMT
Seeking Alpha – There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I've selected five of the companies reviewed by ModernGraham that have the lowest PEmg ratio (P/E ratio …

ConocoPhillips: 2013 Was A Very Good Year, 2014 Should See 20% Total Returns
Fri, 27 Dec 2013 20:28:47 GMT
Seeking Alpha – While the books aren't yet closed on 2013, one thing is clear: it has been a very good year for independent oil and gas producer ConocoPhillips ( COP ). While the stock price has slipped a bit recently …

Morning Dow Report: Oil Lifts Exxon, Chevron; Rising Rates Hurt Travelers
Fri, 27 Dec 2013 16:12:03 GMT
Motley Fool – The Dow continued its winning streak with modest morning gains as oil prices rising above $100 helped Exxon Mobil and Chevron while rising Treasury bond yields hurt Travelers. Find out more here.

Worst Fuel Oil Loss Since 2011 Seen Easing on Import Cut: Energy
Fri, 27 Dec 2013 00:33:48 GMT
Bloomberg – Refining losses from producing fuel oil in Asia are poised to narrow as imports from western countries and Iran decline while global economic growth boosts demand for transportation fuels. Cargoes of the …

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