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Apr 24, 2024 9:54 PM

CVX Chevron Corporation Options Ahead of Earnings Short

Chevron CorporationNYSE

Description

If you haven`t bought the dip on CVX:

nor sold the double top:


Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 165usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $9.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached

CVX puts at break even now. I think it`s an exit. A significant number of calls adding.
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