Chevron Offering Possible 19.9% Return Over the Next 39 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 19.9% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $1.66 would be kept by the premium seller. The risk of $8.34 would be incurred if the stock rose above the $130.00 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 37.19 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

San Francisco Gasoline Gains as Shell Starts Unit Repairs
Tue, 14 Jan 2014 21:09:18 GMT
Bloomberg – Spot gasoline in San Francisco advanced for the first time in seven days as Royal Dutch Shell Plc’s Martinez refinery in Northern California began repairs.

EU Drafts Fracking Guidelines to Clarify Conflicting Laws
Tue, 14 Jan 2014 18:19:30 GMT
Bloomberg – The European Union plans guidelines for shale drilling under proposals that may facilitate oil and gas extraction using the contested technique that’s brought the U.S. toward energy independence.

Will China Play Nice With Oil or Break Its New Toy?
Tue, 14 Jan 2014 16:34:30 GMT
Motley Fool – Oil is yet another resource that has been dominated by China, and only time will tell if it can play nice with the partners it's forced to deal with.

Eni to pull out of Polish shale gas exploration-sources
Tue, 14 Jan 2014 15:48:55 GMT
Reuters – Italy's Eni will abandon all shale gas licences it currently owns in Poland due to difficult geology and a tough regulatory environment, three industry sources told Reuters on Tuesday. Eni declined to …

Western Sahara Looms Heavy Over Morocco's Energy Aspirations
Tue, 14 Jan 2014 14:58:00 GMT
Forbes – With renewable and hydrocarbon plans in motion, Morocco has set its sights on expanding its energy potential. However, a long-standing conflict over regional authority in the south threatens to halt the country’s momentum.

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