Chevron Offering Possible 6.27% 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 $115.00 short put and a strike $105.00 long put offers a potential 6.27% 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 $115.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $9.41 would be incurred if the stock dropped below the $105.00 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 42.3 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

Petrobras-led group wins Brazil oil auction with minimum bid
Mon, 21 Oct 2013 23:22:49 GMT
Reuters – Brazilian state-run energy company Petrobras teamed up with European oil majors and Chinese rivals on Monday to buy the country's biggest-ever oil field with a lone bid at the minimum price, a disappointing …

An Odd Alliance in Patagonia
Mon, 21 Oct 2013 21:54:59 GMT
New York Times – The great potential of an oil field called Vaca Muerta, or Dead Cow, has united an American oil giant and a politically volatile country.

Petrobras-led group wins Brazil oil auction with minimum bid
Mon, 21 Oct 2013 21:23:23 GMT

Petrobras-led group wins Brazil oil auction with minimum bid
Mon, 21 Oct 2013 21:20:30 GMT

Group led by Petrobras wins rights to Brazil's Libra oil field
Mon, 21 Oct 2013 17:56:12 GMT

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