Chevron (CVX) Offering Possible 42.05% Return Over the Next 20 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $86.00 short call and a strike $91.00 long call offers a potential 42.05% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $86.00 by expiration. The full premium credit of $1.48 would be kept by the premium seller. The risk of $3.52 would be incurred if the stock rose above the $91.00 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 44.4 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

Is Chevron Stock a Buy?
Thu, 27 Aug 2020 11:35:00 +0000
When Chevron (NYSE: CVX) declared its 33rd straight year of quarterly dividend raises in January, it didn't know that a pandemic would collapse the world into a recession. Chevron's suspension of share buybacks, $3 billion second-quarter adjusted loss, and over 50% decrease in sales and operating revenue are reasons to be concerned about the company. The stress test factors in Chevron's recent assets sales, increased liquidity, and 40% reduction in 2020 capital expenditures.

Hurricane Laura Makes Landfall. Oil Markets Shrug.
Thu, 27 Aug 2020 11:34:00 +0000
Now officially a Category 2, Hurricane Laura reached Texas and Louisiana with wind speeds as high as 150 miles an hour.

Chevron in 4 Charts
Wed, 26 Aug 2020 12:18:00 +0000
Energy giant Chevron is standing out in a tough market. Here are four charts that show how and why dividend investors should like what they see.

Cramer Weighs In On General Electric, Chevron And More
Wed, 26 Aug 2020 11:24:45 +0000
On CNBC's "Mad Money Lightning Round," Jim Cramer said we don't use Scotts Miracle-Gro Co (NYSE: SMG) a lot in the fall so he would take the money and run.Cramer would stay in Marathon Petroleum Corp (NYSE: MPC).You should buy General Electric Company (NYSE: GE), said Cramer. He believes in the CEO.Cramer doesn't like the oil and gas sector and he thinks it is uninvestible. Chevron Corporation (NYSE: CVX) is the only large oil company he would buy.Cramer is still backing the CEO of Axon Enterprise Inc (NASDAQ: AAXN) and his work. Nothing has changed for him.Peloton Interactive Inc (NASDAQ: PTON) is up 133% and that is a little bit too much for Cramer. He would like to take profits in the name.See more from Benzinga * 'Halftime Report' Traders Share Their Thoughts On Starbucks * 'Fast Money Halftime Report' Picks For August 25: UPS, Toll Brothers And More * Pete Najarian Sees Unusual Options Activity In Nio And DraftKings(C) 2020 Benzinga does not provide investment advice. All rights reserved.

Why Exxon Is Being Dropped From the Dow
Tue, 25 Aug 2020 15:08:00 +0000
(XOM) has been in the Dow Jones Industrial Average since 1928, when it was known as Standard Oil Co. of New Jersey. Shares of Exxon (ticker: XOM) were down 3%, to $40.98, on Tuesday morning. Having both (CVX) (CVX) and Exxon in the index didn’t make much sense anymore given the direction of the market in recent years.

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