Exxon (XOM) Offering Possible 11.36% Return Over the Next 24 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 11.36% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $92.50 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 67.07 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

Will Sanctions Affect Russian-U.S. Arctic Oil Partnerships?
Wed, 23 Apr 2014 21:46:07 GMT

How Asia's LNG Sector Will Drive Exxon Mobil's Growth
Wed, 23 Apr 2014 17:40:00 GMT

Oil Inventories Build More Than Anticipated as Spring Settles In
Wed, 23 Apr 2014 17:30:00 GMT

Refinery Activity Could Thwart Rising Gas Prices
Wed, 23 Apr 2014 15:10:40 GMT

ExxonMobil Donates a Record $13.4 Million to the United Way of Greater Houston
Wed, 23 Apr 2014 15:00:00 GMT
Business Wire – ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest amount raised by th

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