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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. My take on things is that option trading in some instances is following the volatility part of the equation. Look at how Exxon is trading in the last 30 days. 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 105 Puts which expire this Friday wer...
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Monday Morning April 7th

1) Had you bought Puts on the close on Friday on Tesla you would now be up 95% in nine minutes.
2) Had you bought Puts on Eli Lilly on Friday at the close you would now be up 162%.
3) Had you bought Puts on Home Depot on the close last Friday you would be up 85%
4) Had you bought Puts on Caterpillar on the close you would be up 100%
5) Had you bought Puts on Costco on the close, you would be uo 105%.
Does it feel like you are always one step behind all the action? Can you now gamble on Eli Lilly to play the upside? If you read my last blog that was one of the few stocks that rebounded a touch interday on last Fridays slide. Maybe if you catch it right.
Buy stocks if you like them at these prices but its not a good week to be dancing around trying to play Calls. The action in option trading for retail option players will intensify towards the end of the week when the time value built in premiums on short term options that expire in a day or two subsides. Those will be the days to make shooting for the sky trades. *** Tesla had a bit of a rebound in the first 25 minutes and nimble options players could have caught a rebound. These ones can back $7.50. It takes a magician to catch these kinds of trades.
Now back to Eli Lilly. It bounced $60.00 in 43 minutes.
Image riding that wave holding Call options.

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