Exxon Offering Possible 13.12% Return Over the Next 30 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 13.12% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $80.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Exxon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Exxon is bullish.

The RSI indicator is at 53.88 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Exxon

[$$] Energy Industry's Odd Couple: Lee Raymond and Aubrey McClendon
Fri, 18 Oct 2013 01:59:00 GMT
The Wall Street Journal – Lee Raymond, famously tightfisted as chief executive of Exxon Mobil, now has a seat at the table in a venture led by Aubrey McClendon, whose free-spending habits hastened his exit as chairman at Chesapeake …

New S&P All Time High, But the Tweaked Version's Far Higher
Thu, 17 Oct 2013 20:16:00 GMT
Barrons.com – What weak earnings season? The Standard & Poor's 500-stock index just hit an all-time high. Now look at the same index without its top-heaviness the last 10 years. Guggenheim S&P 500 Equal Weight Index …

Russia's Gas Giant Attracts The Attention Of Merrill Lynch
Thu, 17 Oct 2013 15:22:00 GMT
Forbes – Gazprom (Photo credit: Wikipedia) Edward Snowden, the runaway intelligence contractor, isn’t the only American who feels comfortable in Moscow. Bank of America Merrill Lynch is advising clients to consider investing in Russia’s giant gas exporter, Gazprom. Strong demand for Russian gas in Europe, and the potential for a deal to pipe gas […]

Gazprom Neft, Honeywell's UOP and ExxonMobil Research and Engineering Company Finalize Technology Licensing Agreement
Thu, 17 Oct 2013 13:00:00 GMT
PR Newswire – DES PLAINES, Ill. and FAIRFAX, Va., Oct. 17, 2013 /PRNewswire/ — UOP LLC (UOP), a Honeywell company, and ExxonMobil Research and Engineering Company (EMRE) have finalized a technology licensing agreement …

Are Crude Oil Prices Setting Up For An Autumn Bottom?
Wed, 16 Oct 2013 16:51:25 GMT
The Exchange – http://media.zenfs.com/en/blogs/the-exchange/255f7fbd-ef65-49df-82ab-b01653edf763_Andrew-Nyquist_avatar-120×120.jpg

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