Chevron Offering Possible 3.84% Return Over the Next 26 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 3.84% return on risk over the next 26 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 $0.37 would be kept by the premium seller. The risk of $9.63 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 72.25 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Chevron

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Why Chevron's Solid Returns Have Lagged the Dow in 2013
Mon, 25 Nov 2013 21:32:18 GMT
Motley Fool – Chevron's gains have beaten out rival ExxonMobil, but the energy giant hasn't kept up with the Dow. Find out why.

Cameron Provides Rosebank Deal Update
Mon, 25 Nov 2013 17:40:02 GMT
Zacks – Cameron International Corp. provided an update on its $540 million subsea equipment supply deal for the Rosebank development in the U.K. North Sea.

Chevron shelves $10 billion oil project off Scotland
Mon, 25 Nov 2013 16:38:00 GMT
MarketWatch – Chevron Corp. said Friday its mega project in the U.K. North Sea, Rosebank, may be too costly to be economically viable at this time.

INDIA PRESS-ONGC Videsh eyes Chevron's gas block in Vietnam-PTI in Economic Times
Mon, 25 Nov 2013 03:22:48 GMT
Reuters – Note: Reuters has not verified this story and does not vouch for its accuracy.

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