Chevron Offering Possible 20.63% Return Over the Next 23 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 20.63% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.71 would be kept by the premium seller. The risk of $8.29 would be incurred if the stock dropped below the $110.00 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 64.62 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

Lucia Mar Unified School District Awards Contract for Solar Energy and Energy Efficiency to Chevron Energy Solutions
Fri, 25 Oct 2013 12:00:00 GMT
PR Newswire – ARROYO GRANDE, Calif., Oct. 25, 2013 /PRNewswire/ — On October 15, 2013, the school board of the Lucia Mar Unified School District (San Luis Obispo County, CA) awarded Chevron Energy Solutions a contract …

Squawking Kid Rock-Madonna, Apple-Icahn, Greenspeak
Fri, 25 Oct 2013 09:53:39 GMT
CNBC – Talking Squawk looks at Kid Rock calling out Madonna on Detroit, Carl Icahn's Apple obsession and a little Greenspeak on avoiding the next financial crisis.

Chevron Buys Prospect Off Australia Coast
Thu, 24 Oct 2013 21:20:02 GMT
Zacks – Chevron Asia Pacific Exploration and Production Company, an Australian subsidiary of Chevron Corporation has acquired full operating interest in two blocks located in the deepwater Bight Basin.

Chevron v. Donziger: A framework for analysis
Thu, 24 Oct 2013 19:42:00 GMT
CNNMoney.com – By Roger Parloff, senior editor FORTUNE — After the first week, Chevron's (CVX) civil racketeering suit against Steven Donziger, the environmental lawyer who won a $19 billion judgment against the oil …

Chevron's RICO trial against Donziger begins
Thu, 24 Oct 2013 19:42:00 GMT
CNNMoney.com – By Roger Parloff FORTUNE—Chevron's long-awaited racketeering suit against Steven Donziger, in which the oil giant accuses the environmental lawyer of having won a $19 billion judgment against it in Ecuador …

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