$Chevron(CVX)$
- Underlying: CVX
- View: Cautiously bullish; stock has surged and is overbought (RSI 74.86), but strong momentum (MACD) and positive catalysts suggest potential for a test of the $190 resistance before a possible pullback/consolidation.
- Strategy Type: Debit Spread / Directional Bullish
- Option Contract Portfolio:
- Buy 1 CVX 17 Jul 2026 $185.00 Call @ $1.46 (mid)
- Sell 1 CVX 17 Jul 2026 $190.00 Call @ $0.57 (mid)
- Max Gain & Loss: Max Gain = $3.11 per spread ($5.00 width - $1.89 debit). Max Loss = $1.89 per spread (initial debit).
- Initial Cost/Credit: Net Debit of $0.89 per share ($1.46 - $0.57).
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