Chevron (CVX) Offering Possible 35.5% 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 $125.00 short call and a strike $130.00 long call offers a potential 35.5% 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 $125.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock rose above the $130.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Chevron is bearish and the probability of a decline 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 33.89 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

Atlantic hurricane season rattles nerves in the commodities markets
Mon, 04 Jun 2018 06:13:54 +0000
The Atlantic hurricane season has just begun, raising the potential for disruptions in a variety of commodities markets, from oil and natural gas to crops such as oranges and cotton. The U.S. National Hurricane Center first reported on the storm on May 25, and it was downgraded to a subtropical depression about three days later.

Exxon Mobil Corporation Stock Still Is One of the Safest Bets in Oil
Fri, 01 Jun 2018 15:54:29 +0000
Choppy trading has dogged Exxon Mobil Corporation (NYSE:XOM) for over a decade now and hasn’t ended so far in 2018. Exxon stock touched a two-year low in late March but since has rallied about 12%. A 4%+ dividend and a sub-16x P/E multiple both suggested Exxon Mobil growth was soon to stall out.

Chevron Dodges Climate, Methane Proposals in Annual Meeting
Thu, 31 May 2018 21:28:09 +0000
Chevron's (CVX) shareholders turned down two climate change-related resolutions in the annual meeting.

Shell Kick-Starts Production in Kaikias with 30% Lower Costs
Thu, 31 May 2018 15:14:49 +0000
Royal Dutch Shell (RDS.A) has begun production at its Kaikias phase-one project in the US Gulf of Mexico. Plus, with the reduction in costs, Shell expects the project to break even at a crude oil price of less than $30 per barrel. The field is expected to have peak production of around 40 thousand barrels of oil equivalent per day or Mboepd.

Stock Market News For May 31, 2018
Thu, 31 May 2018 14:07:02 +0000
Wall Street rallied strongly on Wednesday reversing previous day???s losses. All three major indexes ended in the green driven by a sharp rise in oil prices resulting in significant gain for energy giants

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