Chevron Offering Possible 21.21% Return Over the Next 25 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 21.21% return on risk over the next 25 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 $1.75 would be kept by the premium seller. The risk of $8.25 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 49.06 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

The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Chesapeake Energy, Schlumberger and Baker Hughes
Wed, 23 Oct 2013 11:19:45 GMT
Zacks – The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Chesapeake Energy, Schlumberger and Baker Hughes

South Africa to Issue Shale-Gas Permits in First Quarter of 2014
Wed, 23 Oct 2013 10:49:37 GMT
Bloomberg – South Africa plans to issue licenses permitting exploration of shale-gas reserves in the first quarter, Mineral Resources Minister Susan Shabangu said.

Chevron Acquires New Acreage Offshore Australia
Wed, 23 Oct 2013 04:13:00 GMT
Business Wire – SAN RAMON, Calif.–(BUSINESSWIRE)– Chevron Corporation (NYSE:CVX) today announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater …

Chevron Acquires New Acreage Offshore Australia
Wed, 23 Oct 2013 04:13:00 GMT
Business Wire – Chevron Corporation today announced its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier

CEO spouses travel on company dime in little-known perk
Tue, 22 Oct 2013 22:45:56 GMT
USA TODAY – Little-known perk is on top of seven-figure pay packages, cars, country club memberships.

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