Five "One-Day-Option" Series On Oil Stocks That Doubled In Price In One Day On Friday

1) Exxon. Look at how this one series of Call options traded on the day. 2) Chevron. Are you able to see a pattern in how they all seem to be trading? 3) Shell. 4) Conocophillips. 5) Devon Energy. The "bid and ask" on the 51 series of Calls was actually reported incorrectly. They never traded down to $.03 per contract. Here are the correct numbers. The point is they also doubled. If you look at this five day chart you will see how the stars seemed to line up properly to make this all happen. All of this happened on a day when the D.J.I.A. was down over 600 points and all of these stocks shared the same upward trading patterns. Traders speculating on the upcoming weekend turbulence were richly rewarded if they got on. One week options are playable, meaning they move around enough in price to be to get in and out and take profits. Read my past blogs on Exxon. It moves on news releases and the danger in playing them is that you can somtimes get caught going the wrong wa...