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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's listed options are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange. Here is Exxon's five day chart. Now this, a look at some of the action as of 10:00 a.m. The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more. This is the kind of activity I look for on Thursday mornings. *** Exxon ended up closing down on the day. Here is how the 112 series of Calls closed. Look at how few contracts traded. Look at the high of $2.00. Exxon can be a good stock to play options on with only a few days to go. Last week's blog showed the same thi...
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A Follow Up to A March 29th Blog About Options in the $5.00 and $10.00 Range.

 First, look at how these three stocks are popping this morning when the overall markets are trading down. Options on stocks in the $5.00 and $10.00 range can surprise.

Here is todays action, a Monday morning in the first hour of trading.



All three of these companies operating in the same space are jumping in unison. Now look at this printout of my May 28th blog.


Well back then I was talking about the power of long tern options and I used the example of a "Unusual Machine" Nov 21st Call with a five dollar striking price. Now here we are only a few days later and look at where this series of Call options are now trading.

Note the open interest in these Calls have decreased as earlier traders have taken their profits and run. Once again,  longer term options on $5.00 and $10.00 stocks can surprise.  All three of these companies don't really have the earnings to support these prices  so options on them are dangerous. Why not do you homework and make lists of stocks in this price range which have options on them? 

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