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Exxon Has Just Had Like Four Days Of Going Up.

Exxon just broke it's previous three month high. Now it's five day chart. The 117 Calls have doubled or tripled in the last two days. Now it's chart as of 10:42 a.m. this morning. Today is Wednesday. The markets are closing today at 1:00 pm., then closed tomorrow for Christmas and then open again for a full trading day 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 what the price of oil are doing. Can you see how traders have a preference for the Call options and are hoping Exxon continues it's natural progression upwards. They are prepared to pay somewhat of 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 co...
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Why Readers Skip Blogs About Tesla And Why Exxon Options Are Playable.

I see the stats. What I see is that viewer's don't care to read my blogs about Tesla options. I understand why. Tesla is not a new kid on the block and most options traders have tried their hand in trading in it. Timing the market swings seems to be problematic. One partial solution as ridiculous as it sounds is to trade it from 1:00 p.m. to 3:00 p.m. on Fridays on days that it is in an uptrend. Then there is Exxon. Exxon moves independently from what the markets in general are doing. It's options trade in one dollar intervals which is nice. Walmart options also have this feature. You can play them interday with interday price swings which are constantly known to suprise. Swings can be large. Profitable trades can be done in hours if you correctly catch the right direction the stock is about to move. Look at this five day chart.
Todays trade of the day was to buy it on the early morning dip. Look at the low of the day in the early morning trading of $1.36 and then an upward surge which lasted all day and then continued into the following day.
Here is a chart showing today's upward action. Stocks surged on hopes for an end to the governmant shutdown. Netflix blogs never seem to get much traction. Playing options on stocks in the $1,000.00 range is to much of a risk. Blogs on the company Ford fail to excite for the opposite reason. $12.00 and $13.00 stocks sometimes only move a few cents in one day. They can be boring to tract. Blogs on pharmaceutical companies also fail to attract readers. Some of these companies trade for prices lower than they were a number of years ago. Readers get tired reading about patients expiring and Phase two studies. Yes Eli Lilly jumped today on news
however it's difficult to predict the days when things like this will happen. Let's end this blog by watching Exxon on Tuesday morning. This time we are looking at the 119 series of Calls. At 10:00 a.m. in the morning they were tradig at $1.38. They then ended the day down at $1.10.
Somewhere between 10:00 a.m. and 4:00 p.m. these Calls did jump up to $1.99. If you look at the bottom chart you can see how things started to cool down in the last few hours of trading.
Do you have the energy to tract this stock that closely? *** Exxon on the following morning. The charts like of looked like that was going to happen.

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