Chevron (CVX) Offering Possible 5.49% Return Over the Next 28 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 5.49% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $9.48 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 below 20 which suggests that the stock is in oversold territory.

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

Hail shale, but deepwater oil fights back
Thu, 15 Feb 2018 09:27:34 +0000
Penguins, Royal Dutch Shell's (RDSa.L) latest oil and gas development in a remote corner of the British North Sea, epitomises the new doctrine for deepwater projects — keep it cheap and simple. Shunned during the oil price crash of 2014-2016, deepwater projects are being embraced again, a challenge to the surge in onshore U.S. shale output. Penguins, the first new major deepwater project this year, will rejuvenate the 44-year-old field by drilling 8 new wells 165 metres (541 feet) underwater and connecting them to a new production vessel.

Big Oil Firms Finish 2017 on a High Note: What's Ahead?
Wed, 14 Feb 2018 22:41:10 +0000
Riding on improving commodity prices, stronger production outlook and healthier cash flows, the Big Oil firms look poised to continue the momentum in the coming years.

This might be the time when you can finally get quality stocks on sale
Wed, 14 Feb 2018 19:13:20 +0000
Investors who’ve been sitting on the sidelines may want to make small, regular investments. By Phil van Doorn.

Ex-Dividend Alert: Chevron Raised its Dividend By 4%; Will Trade Ex-Dividend on February 15, 2018
Wed, 14 Feb 2018 12:50:00 +0000
LONDON, UK / ACCESSWIRE / February 14, 2018 / Active-Investors has a free review on Chevron Corp. (NYSE: CVX ) following the Company's announcement that it will begin trading ex-dividend on February 15, …

Australia's Woodside to raise $2 bln, look to offshore gas project for growth
Wed, 14 Feb 2018 06:09:53 +0000
Woodside Petroleum, Australia's biggest independent gas and oil producer, launched a surprise A$2.5 billion ($1.96 billion) share sale on Wednesday to raise funds to take control of and develop a long-stranded gas field off the country's west coast. Woodside said on Wednesday it had agreed to pay $744 million for ExxonMobil Corp's 50-percent stake in the Scarborough field, a project that has been stuck on the drawing board for nearly 40 years due to factors including its remote, deepwater location.

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