What Business Do You Have To Be Playing Exxon Options?
The world is politically unstable and Exxon jumped on the opening. Can you jump in and play it for the downside over the next two days? The real money was made by option traders who jumped into Call options yesterday before the close knowing that Trumph was ramping up his rhetoric on invading Greenland. His talking last week about getting involved in the Venezuela oil markets pushed up Exxon and Chevrions stock prices. Here are their five day charts. ... Now consider this. A bet on the Puts to make you money over the next two days puts you in the driver's seat on playing the downside. Would this be a reckless trade to make or one that shows your wisdom in calling Trumph out on his reckless path of destruction? You decide. Now this. What this shows are how "out-of-the-money" Exxon Calls reacted to this morning's opening. What a nice return to it's call holders.. Might things cool of a bit over the next two days? Here are the Puts that expire this Friday. Would yo...