Exxon (XOM) Offering Possible 7.33% Return Over the Next 8 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $102.00 short put and a strike $96.00 long put offers a potential 7.33% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $102.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $5.59 would be incurred if the stock dropped below the $96.00 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 60.81 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

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Sun, 15 Jun 2014 15:07:00 GMT

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Jerry Wascom Expected to be Appointed President of ExxonMobil Refining & Supply Company
Fri, 13 Jun 2014 20:00:00 GMT
Business Wire – The board of directors of Exxon Mobil Corporation is expected to appoint D.G. Wascom president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation, effective Aug.

Gephardt Says Obama Must ‘Be Careful' With Iraq Decision
Fri, 13 Jun 2014 19:17:00 GMT

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