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Exxon Again

It's five day chart as of a Tuesday evening. It closed the previous day at $116.69 and spiked on the opening. That was it's best opening in days. A near double in price for sure on short term Call options. The same kind of morning spike happened two days earlier. The first twenty minutes of trading every morning is often when most of it's action happens. One thing traders know is that Exxon moves independently from what the DJIA index is doing. Here is how the 116 Calls and the 117 Calls did on the day. Up 94% and 85% respectively. All I can say is learn to pick your battles and if pick correctly, expect to be rewarded. Exxon as a trading vehicle is not going to go away. * Now a look at the December 23th 116 and 117 Calls at 11:00 a.m. The stock keeps on marching up. At this point in time there is no reason to want to try and play it. ... Would a one day chart at this point in time tell us anything? Not really. An end of the day decision on whether to try and play it...
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G.M. A Four Minute Read That Will Make You Smarter. Do You Have Four Minutes?

Well actually it's a six minute read if you also want to read about an interesting dangerous Ford Call trade. Read this. I talks about the big picture. Look a how much money is being tossed around.
Now ford. First it's five day cart.
What happened? Well good news just came out that is being interpreted as being bad news.
Now a look at the Call options that expire tommorrow Dec. 6th and next Friday Dec 13th.
It will be interesting to see how this situation turns out.**Ford dropped in the last minute of the trading session with over 5 million shares getting dumped in the last minute of trading.
Here is how the 10.5 series of Calls with one trading day left in them closed.
Tomorrow will be interesting.

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