Exxon Mobil Corporation (XOM) is a refiner and marketer of oil and gas in countries around the world. The company’s stock is currently trading around $102.19 in a 52 week range of $84.79-$102.19. The stock has been doing very well this year with shares touching new 52 week highs today and stock higher by nearly 1% year to date. Options traders seem to think the stock will continue higher as we have seen some very bullish unusual options activity during today’s trading session. Earlier this morning a trader bought 8,583 XOM Oct 110 calls for $0.80. This is a very bullish trade that involves this trade investing more than $680,000 in capital. With stock trading well above the Ichimoku Cloud and on new 52 week highs I decided to get long XOM with paper and buy these calls for $0.80.

My Trade: I bought 200 XOM Oct 110 Calls for $0.80
Risk: $80 per 1 lot
Reward: Unlimited
Breakeven: $110.80

Andrew Keene

Pin It on Pinterest

Share This

$7 Options Master Strategy

Check out trading tycoon, Serge Berger, as he reveals the master of all options strategies below.


Watch Now

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy