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Exxon On Tuesday Morning.

It's down. The 117 Puts are up over 40 %.
Only one Put sold on the 117 series of Puts in the first 33 minutes of trading.
Now look at the Calls. This time we are lowering the striking price by $2.00 to get closer to the money options. Will these Calls rebound?
Slightly later.
Here is how they closed the day.
I am not a big fan of holding onto short term options overnight on last week to expiring options however these ones are still two weeks out. That's still not much comfort. My excitement of my previous blog yesterday talking about four trading opportunities to trade these options in one day has now gone up in smoke. The one assurance with trading these options is that oil is an international commodity and the outcomes of how it is going to trade are outside of the control of the market makers. So yes option trading on Exxon is not always a walk in the park. Let's see what happens.

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