Chevron (CVX) Offering Possible 5.82% Return Over the Next 27 Calendar Days

Chevron's most recent trend suggests a bullish bias. One trading opportunity on Chevron is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 5.82% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock dropped below the $115.00 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 71.36 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

Shell’s 4Q17 Segmental Earnings Prospects
Thu, 18 Jan 2018 19:50:02 +0000
What to Expect from Shell’s 4Q17 Earnings

That Didn't Take Long: Chevron May Already Be Too Expensive
Thu, 18 Jan 2018 19:38:00 +0000
When the energy sector slumped for much of 2017, Chevron (CVX) escaped the worst of the  sector's pain, and it's even outperformed by a bit to start the year. Barron's and others are getting more positive on energy, and some analysts are thinking that 2018 holds more promise for the oil giant's stock.  Not HSBC's Gordon Gray. With shares of Chevron up 28% in the last six months, he argues that Chevron's big bump has already happened.

Crude Oil Makes a Comeback
Thu, 18 Jan 2018 16:45:04 +0000
The resurgence in crude oil is part of a saga that began with the onset of the Great Recession, but it took on an intriguing twist when Saudi Arabia launched a war on America’s fracking miracle. There were 1,609 oil rigs in the United States, Saudi Arabia was flushed with billions and American fracking stocks were unstoppable. While the supply-demand dynamic of oil has a lot of mitigating factors, ultimately there has to be strong demand and evidence of weaker supply.

Chevron (CVX) to Resume Drilling Operations in Kurdistan
Thu, 18 Jan 2018 14:30:02 +0000
Chevron (CVX) stalled operations in the region in October 2017 owing to increasing dispute.

The Zacks Analyst Blog Highlights: Pfizer, Chevron, Cisco, Las Vegas Sands and Dominion Resources
Thu, 18 Jan 2018 14:29:02 +0000
The Zacks Analyst Blog Highlights: Pfizer, Chevron, Cisco, Las Vegas Sands and Dominion Resources

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