Chevron (CVX) Offering Possible 88.68% Return Over the Next 21 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 $125.00 long call offers a potential 88.68% return on risk over the next 21 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 $2.35 would be kept by the premium seller. The risk of $2.65 would be incurred if the stock rose above the $125.00 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 35.49 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

Podcast: A $20 Billion Valuation for Warehouse Owner GLP, and Two More Numbers to Know
Thu, 25 Apr 2019 09:01:00 +0000
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: $38 billion is how much energy company (OXY) has offered to pay for (APC) That’s 21% more than oil giant Chevron offered to pay for Anadarko earlier this month.

Occidental May Be Lacking in Size But It's Never Lacked Ambition
Thu, 25 Apr 2019 09:00:00 +0000
While being meet with skepticism from analysts — who have called the bid “ill-advised” and “a very bad idea” — the proposal shows the appetite of Chief Executive Officer Vicki Hollub, 59, who took over in 2016 as only the fourth CEO in the company’s history and is one of the few women leading a major oil producer. The price of the deal is only about $8 billion less than Occidental’s total market value. The move is fitting for a company that for decades was led by larger-than-life characters, including Ray Irani, who was for a time the industry’s highest-paid leader, pulling in $80 million in average compensation over several years.

Chevron's Biggest Venezuela Oil Venture Hit Hard by Outages
Thu, 25 Apr 2019 09:00:00 +0000
(Bloomberg) — Chevron Corp.’s largest producing joint venture with Venezuela is still struggling to resume normal operations after rolling blackouts temporarily knocked oil output to zero.

Occidental recruits top bankers in fight for Anadarko
Thu, 25 Apr 2019 06:56:14 +0000
for Anadarko Petroleum, Wall Street dealmakers were not surprised. Occidental has forged close relationships with both banks, in particular with Bank of America, which supplied Occidental’s former chief executive and an executive charged with business development. from the hands of rival Chevron in a deal that was arranged two weeks ago.

PRESS DIGEST- Wall Street Journal – April 25
Thu, 25 Apr 2019 05:16:14 +0000
The following are the top stories in the Wall Street Journal. – Occidental Petroleum Corp offered to buy Anadarko Petroleum Corp for $38 billion, launching a potential bidding war for a company that agreed earlier this month to be purchased by Chevron Corp for about $33 billion. – Merger talks between Deutsche Bank AG and Commerzbank AG have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions, according to people familiar with the matter.

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