Exxon Under The Spotlight
First it's five day chart and a look at how one series of it's Calls that expired that day traded. They more than doubled. Now let's look at it's one day chart. Notice it got off to a rough start before it started to take off on the upside. Our last blog on Boeing shared the same experience. What's going to happen this week? We have Trump bombing Venezuela. Given the expected volatilty to follow might this be a good opportunity to revisit last weeks blog (Dec 30th) on concept of doing an option straddle? Buy one Put and one Call on the same stock at the same time with the same expiry date and see what happens. The hope is that the stock will have a decent move in either direction this week. I am in more of the camp that the best strategy is just to try and play the stock in one direction. I will be reporting back as to what happens next
