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Exxon And Why You are Just As Smart As Me On This One.

 Trying to understand why oil prices fluctuate is a game in itself. Look at how Exxon  Mobile is trading. Here is your chance to play with the big boys in some of the most exciting option markets that we have had in a long time. Look at how Exxon  has traded in the last 30 days. These are big swings in a relatively short period of time. That's what helps in keeping the interest in playing options on Exxon so high. Now this. A five day chart on the morning on June 9th, a Monday. Look at the spike it had. Remember in my last blog I showed a spike in Deere only to watch a sell off two days later Now another five day chart, this time Exxon on Tuesday June 10th  around 2:45 .p.m. Look at how the stock is stepping up. Could it drop down to $104.50?  The chart shows that it could. I like Puts more than I like Calls in general because for lack of better words they are trickier. Now this, a look at yesterday's action. We are looking at the 105 Puts. This shows how the 10...
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Boeing Calls Going Into a Friday Morning After dropping $4.77 on a Thursday.

I tracked the action on the 190 Boing Calls all week and watched the stock surge on Monday and Tuesday. Read my recent blogs. I cautioned that the action could change direction mid-week. It did. Trading Monday and Tuesday Calls... that seemed to work but on a Wednesday they all lost speed. Here now is it's one, five and thirty day charts.
Note it flirted with the $199.50 range. Now look at this chart. It helps to create a different spin on things.
It's bouncing back up and look at how the 210 Calls we have being watching all week closed out the day. They closed at $2.08.
Is $2.08 a good price? Well consider this. These same Calls closed the day before at $9.75. Yes Boeing can bounce big if and when it decides to bounce. Are the Call options now playable with only one day to go? Given all that has recently happened I would say STAY AWAY. Why tie up money hoping for a one day blip? The charts now show that it could go either way. Looking for rebounds on a falling stock on a Friday morning is to rich an exercise for most traders. Now for a premarket opening news release.
Boeing is soon going to have a quarterly earnings report coming out. News like this is an unwelcome suprise.

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