Chevron Offering Possible 8.46% Return Over the Next 30 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 8.46% return on risk over the next 30 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 $0.78 would be kept by the premium seller. The risk of $9.22 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 35.5 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

Chevron Suspends Shale Gas Search in Romania
Thu, 17 Oct 2013 22:06:10 GMT
Motley Fool – Following protests from local residents, Chevron suspends its search for shale gas in Romania.

Chevron halts shale gas search after protests
Thu, 17 Oct 2013 19:44:02 GMT

Chevron halts shale gas search after protests
Thu, 17 Oct 2013 19:44:02 GMT
AP – Chevron said Thursday it has suspended searching for shale gas in northeast Romania following protests in the capital and the local area against fracking. The company said in a statement its priority was …

Witness claims U.S. lawyer used inflated estimate in Chevron case
Thu, 17 Oct 2013 19:22:29 GMT

Witness claims U.S. lawyer used inflated estimate in Chevron case
Thu, 17 Oct 2013 19:16:14 GMT
Reuters – A U.S. lawyer used inflated estimates to pursue what eventually became an $18 billion pollution judgment against Chevron Corp in Ecuador, despite warnings that the numbers were “wildly inaccurate,” …

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