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Exxon Again

It's five day chart as of a Tuesday evening. It closed the previous day at $116.69 and spiked on the opening. That was the best opening in days. A near double in price for sure on short term Call options.
The same kind of morning spike happened two days earlier. Can I teach anyone to play Exxon options? Not really. All I can say is that Exxon moves independently from the DJIA index and option price swings are large. Here is how the 116 Calls and the 117 Calls did on the day.
Up 94% and 85% respectively. All I can say is learn to pick your battles and if pick correctly, expect to be rewarded. Exxon as a trding vehicle is not going to go away.

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