Exxon (XOM) Offering Possible 18.2% Return Over the Next 16 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 18.2% return on risk over the next 16 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 $0.77 would be kept by the premium seller. The risk of $4.23 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 79.89 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

[$$] Exxon Agrees to Disclose Fracking Risks
Fri, 04 Apr 2014 01:09:56 GMT
The Wall Street Journal – Oil and gas giant agrees to disclose how it manages risks of controversial production technique's impact on air, water and chemicals used.

Anadarko Erases ‘Silkwood' Uncertainty With $5 Billion Tronox Settlement
Thu, 03 Apr 2014 21:58:00 GMT

Exxon Mobil agrees to share more data on fracking risks
Thu, 03 Apr 2014 21:39:03 GMT
Reuters – Exxon Mobil Corp, the world's largest publicly traded oil company, has agreed to disclose more information about the environmental risks of hydraulic fracturing, the process known as fracking. In an agreement with New York City's pension funds, which control Exxon shares worth roughly $1.02 billion, the company would report on risks surrounding disposal of fracking waste water, air pollution, methane emissions from oil and natural gas wells, and other issues. Exxon plans to compile the information and publish it as a report on its website by September. The New York City Comptroller's office, which controls the city's pension funds, agreed as part of the deal to withdraw a shareholder proposal that would have put the disclosure issue up for a vote at the company's next annual meeting.

Exxon Bows to Investor Demands to Disclose Fracking Risks
Thu, 03 Apr 2014 21:34:58 GMT

BP Australia Refinery to Cease Operations
Thu, 03 Apr 2014 21:17:50 GMT

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