Chevron (CVX) Offering Possible 14.42% Return Over the Next 10 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $119.00 short call and a strike $124.00 long call offers a potential 14.42% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $119.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock rose above the $124.00 long call 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 down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 42.82 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

Occidental Seeks Edge Over Chevron With More Cash, Total Accord
Mon, 06 May 2019 09:00:00 +0000
Occidental increased the cash portion of its bid to 78 percent from 50 percent on Sunday and pledged to cover the $1 billion breakup fee Anadarko would have to pay for abandoning an already-agreed to deal with Chevron Corp. The heftier buyout proposal came just hours after French energy giant Total SA agreed to buy operations in four African nations for $8.8 billion, contingent upon Occidental completing a takeover of Texas-based Anadarko. The Total agreement augments billionaire Warren Buffett’s $10 billion commitment to Occidental, which has faced investor criticism for its unsolicited April 24 offer to best Chevron’s takeover of Anadarko.

Occidental tweaks $38 billion Anadarko bid to remove shareholder vote
Mon, 06 May 2019 04:03:12 +0000
The move means Occidental shareholders who oppose the bid, including T Rowe Price, will not get an opportunity to vote it down. It adds more certainty to the offer for Anadarko, but also risks the ire of billionaire investor Carl Icahn, who sources have said has been amassing a stake in Occidental to challenge its Anadarko offer. Occidental is trying to convince Anadarko to accept its offer and abandon the agreed $33 billion sale to Chevron Corp.

Occidental boosts cash portion of $55bn offer to buy Anadarko
Mon, 06 May 2019 03:49:15 +0000
to buy Anadarko Petroleum, adding more cash in an attempt to boost its chances of winning a bidding war against rival oil giant Chevron for the key assets of the US shale producer. Under the new terms, the offer comprises $59 in cash and 0.2934 shares of Occidental common stock per share of Anadarko. over our $76 offer,” Vicki Hollub, Occidental’s chief executive, wrote in a letter to Anadarko. Anadarko shareholders are being offered 0.3869 shares of Chevron and $16.25 in cash for each share.

Occidental Sweetens Bid for Anadarko with More Cash
Mon, 06 May 2019 01:41:00 +0000
OXY also said it's reached an agreement to sell Anadarko's Algeria, Ghana, Mozambique and South Africa assets to Total S.A. Occidental amended the terms of its $76-a-share bid for Anadarko to $59 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock vs. a previous offer of $38 cash and 0.6094 shares of OXY stock. The move comes even though Chevron entered into a definitive agreement in April to buy for cash and stock to equal to $65 a share when that proposal was announced, although market moves have since lowered that bid's stock value a bit.

Occidental offers more cash in bid for Anadarko
Mon, 06 May 2019 00:28:16 +0000
Occidental, which is in a bidding war with Chevron to buy oil company Anadarko, revised its offer Sunday and says it found a buyer for Anadarko's African investments if the deal goes through. Occidental is still offering $76 a share for each share of Anadarko, the same as its bid from April, but more of it is now in cash. Occidental's new bid is for $59 in cash and 0.2934 shares of Occidental common stock for each Anadarko share.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.