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Chevron Stock Price Targets Are Up and Put Credit Spreads Are Attractive to Value Players

Chevron Stock Price Targets Are Up and Put Credit Spreads Are Attractive to Value Players

Chevron Corp_ HQ photo- by jewsyte via iStock
Chevron Corp_ HQ photo- by jewsyte via iStock

Chevron Corp (CVX) stock closed at $224.99 on Friday, Oct. It has risen 10% since the end of September ($204.21). And CVX is also up 8.6% ($207.10) since my last Barchart article on Oct. 2, “Chevron Stock May Attract Value Investors, Especially If It Hikes the Dividend Next Year.”

I suggested investing a one-month put credit spread, which was attractive. That has worked well, and it makes sense to close this play out and reinvest in it again. This article will show how.

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