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Do You Have To Be A Wizard To Play Exxon Mobile Options? You Decide.

Look at this chart. It's Exxon's one day trading chart of last Friday. Zoom,zoom, zoom. Here is it's five day chart. Shipping oil on the high seas is becoming more of a game of cat and mouse. Looking at the above five day chart would you want to holding this weeks 135 Calls starting the trading session on Monday morning? Here is how the 135 Calls closed the week. Now this, the premarkets on Monday morning. You can't trust these numbers. Sometimes the hype burns itself out before the markets open. At some point in this process the following news ws being assimilated. Now this. Exxon jumps on the opening but not that much and quickly gives up some of that gain. Now this. The Calls are up 25% in the first three minutes of trading. That's something but not bad if you bought in at the closing seconds of Friday's trading session. Are traders now rushing in to buy the Puts? Not really. Exxon Mobile commands respect. Now this at 9:57 a.m. Exxon is now down...
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A Canadian Company Up 68% In One Day

Canopy Growth. It's one year and one day chart.
Now it's five day chart.
What's going on? Well let's start with why it surged last August.
So now what? Why did it pop this time? Well this time, like last time many of the stocks in the marijuanas space popped. Look at the last Fridays action in these other matijuana stocks.
Here is the news this time. Many sources talk about it in different way.
Now this.
So this kind of paints the picture of what is happening. Canadian companies have kind of got the jump on growing techniques after burning through billions of dollars in startup capital. Now they are all of on a mission to expand their footprints overseas. Skeptics of the industry who have witnessed these surges in this group of stocks might now tout this as being a good time to sell. Afterall there are millions and millions of outstanding shares and the daily volumes traded are at time quite insignificant.These are difficult stocks to play and even more difficult to play are options on them. Watching this segment of the market can be exhausting experience. A March 30th update. Look at how these stocks are trading one week later after this surge.
These numbers are diffcult to read so I will print them out. Sundial up another $.25, Canopy Growth up $.96, Village Farms up $1.03, Curaleaf up $.03, Tilray up $.16, and Aurora down $.67. Let the better times roll. **** To put things into perspective look at some of these ten year charts. Timing is everything. Look at the volumes of trading coming back into some of these stocks. What do you think is going to happen next?
More news, April 3th.

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