Chevron (CVX) Offering Possible 32.98% Return Over the Next 13 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $104.00 short put and a strike $99.00 long put offers a potential 32.98% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $104.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $99.00 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 35.13 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

Second Circuit Rejects New York City Climate Change Case Against Chevron and Others
Thu, 01 Apr 2021 20:08:00 +0000
Today the United States Court of Appeals for the Second Circuit unanimously ruled that the City of New York’s climate change lawsuit against Chevron and a group of other energy producers is without merit and must be dismissed. The court upheld the federal district court’s decision that the City’s claims are barred, holding that municipalities cannot “utilize state tort law to hold multinational oil companies liable for the damages caused by global greenhouse gas emissions.”

Zacks Earnings Trends Highlights: Exxon, Chevron, Ford, Apple and JPMorgan
Thu, 01 Apr 2021 11:26:11 +0000
Zacks Earnings Trends Highlights: Exxon, Chevron, Ford, Apple and JPMorgan

Ad Companies Are Boycotting Big Oil
Tue, 30 Mar 2021 22:00:00 +0000
Ad companies are using the same strategy that was used against Big Tobacco in the 1970s against Big Oil, but there are some telling differences between the two industries

U.S.' Blinken calls for global companies to reconsider financial support to Myanmar's military
Tue, 30 Mar 2021 19:52:57 +0000
U.S. Secretary of State Antony Blinken on Tuesday called on international companies to consider cutting ties to enterprises that support Myanmar's military and he decried its crackdown on anti-coup protesters. Blinken told reporters the violence was “reprehensible” and followed a pattern of “increasingly disturbing and even horrifying violence” against demonstrators opposing military rule, including the killing of children as young as five. Washington has imposed several rounds of sanctions, but Myanmar's generals have refused to change course.

Oil Prices Fall As Bearish Sentiment Returns
Tue, 30 Mar 2021 19:00:00 +0000
Oil prices fell on Tuesday as supply fears driven by the Suez Canal blockage faded and the market began to focus on more bearish factors

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