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Jan 30, 2024 2:36 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:


Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $9.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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