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Exxon On A Major One Day Dip. Will Trumph In His Usual Way Add To The Confusion After The Market Closes? That's The Bet

It's Wednesday and Exxon has has its's biggest dip on the day in a long time. The DJIA is up. Here is it's chart as of 1:27 p.m. Now it's Calls that expire tomorrow. The trading volume on these contracts is relatively light. Retired U.S. Generals are coming forth and saying Trump has no strategy and just wait until more soldiers get killed. Yet four hours ago and three and two hours ago Exxon was trading at higher prices. Why now? Why an interest in looking for a rebound? Chevron is also down over $11.00. Let's also look at it's Calls. This time we are looking at Call options $2.00 or so "out-of-the-money". These are both high risk trades. Picking a bottom is never an exact science. Let's see what happens.
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Young People And Options

Let me spill out some information. Next-Generation Investors Are Different. An organization called "Finra" published this information. In a 2021 survey the Finra Investor Education Foundation found that 36% of respondents aged 18 t0 34 said they have traded options. That compares with 21% of respondents ages 35 to 54 and just 8% of respondents age 55 and older. Then there are crypto investors. According to something called a Pew Research survey based on Feb 2024 data, 42% of men aged 18-29 have invested in, traded, or used cryptocurrency compared with 17% of women in the same age range. Interestly, just 17% of all adults say they have invested in, traded, or used a cryptocurrency, according to the same 2024 survey. When it comes to buying on margin,in 2021, just under of a quarter, or 23%, of investors ages 18 to 34 said they have made purcheses on margin, compared with 12% of respondents aged 34 to 54 and 3% of respondents age 55 and older. Opening accounts is now easier and there's an explosion of new sources of information and social networks that can encourage risky behaviors. Let's not forget the recent frenzy of meme stock trading. Robinhood knows all this and works in this space.
Look at how it's stock has traded in the last one year.
My point is that young people are experimenting with option trading and the trend is only going to continue. Pick twenty or thirty stocks and just watch them for a few months. Write down turning points you see happening and check out how much at that point in time a Call or a Put costs on any series you pick. Then check back later to see if you were correct in making such a call. Option trading, unfortunately is very much a self taught process.

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