Chevron (CVX) Offering Possible 12.87% Return Over the Next 21 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 $115.00 long put offers a potential 12.87% return on risk over the next 21 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 $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $115.00 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 79.89 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

Deals of the day-Mergers and acquisitions
Wed, 26 Sep 2018 19:56:39 +0000
** Papa John's International Inc, the world's third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, people familiar with the matter said. ** Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky Plc to Comcast Corp, the companies said, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the UK-based satellite broadcaster.

Natural Gas Reached an Eight-Month High: What’s Next?
Wed, 26 Sep 2018 15:48:15 +0000
On September 25, natural gas November futures rose 1% and settled at $3.058 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since January 30.

Chevron receives interest in major North Sea field stake
Wed, 26 Sep 2018 12:15:41 +0000
U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday. The sale of its 40 percent stake in the Rosebank project would mark Chevron's complete exit from the ageing basin after it launched the sale of its other fields in the region earlier this year.

Goldman Sachs: $100 for Oil Isn’t Coming Soon
Wed, 26 Sep 2018 12:09:20 +0000
On September 25, Goldman Sachs analysts said in a note that they don’t expect oil prices to decisively break above $100 in the absence of any supply shock apart from the looming US sanctions on Iran.

Chevron receives buyer interest in North Sea field stake
Wed, 26 Sep 2018 11:42:53 +0000
Chevron has received interest from a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday. “Chevron can confirm it has received an expression of interest for its share in the Rosebank project,” she said. Chevron holds a 40 percent stake in Rosebank, a major development in the West of Shetlands area.

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