Exxon Has Just Had Like Four Days Of Going Up.
Exxon just broke it's three month high. Now it's five day chart. Now it's chart as of 10:42 a.m. this morning. Today is Wednesday, the markets are closed tommorrow for Christmas and then open again on Friday. Now this. A look first the Calls which are $.30 cents "out-of-the-money" and expire on Friday. Now the Puts which are already like $.30 "in-the-money". Expectations are that the stock is going to go up and that there is still a full day of trading on Friday. Here is what the markets and oil are doing. Can you see how traders have a preference for Call options and are hoping Exxon continues it's natural progression upwards. They are prepared to pay a premium to be positioned in this situation. I don't know what the outcome is going to be. Nobody does. As a reader can you see the complexities of trying to figure out this outcome? My point is that option trading on Exxon is a fair game. Let's watch and see what happens. Here is how ...