Exxon (XOM) Offering Possible 10.13% Return Over the Next 9 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 10.13% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 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 51.5 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

OFFICIAL – UPDATE 3-U.S. investigating Icahn, Mickelson in insider trading probe-source
Thu, 12 Jun 2014 22:19:11 GMT
Reuters – The Times now says that while Mickelson is a focus of the probe, he is not connected to trades involving Clorox. NEW YORK, May 30 (Reuters) – The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said. Federal investigators are looking into whether Mickelson and Walters may have traded illegally on private information provided by Icahn about his investments in public corporations, the source told Reuters, confirming reports on Friday.

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Thu, 12 Jun 2014 21:21:00 GMT

Anadarko Rises on Hopes of Exxon Mobil Acquisition
Thu, 12 Jun 2014 20:25:03 GMT

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Thu, 12 Jun 2014 20:16:00 GMT

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