Markets
XOM

Option traders buy calls on Exxon Mobil

Traders are picking up calls on Exxon Mobil Corp. ( XOM ) Wednesday. In particular, The Sept. 81 call has seen 5,723 contracts move today, against open interest of 332. The price of trades has tracked the ask all day, indicating that these new contracts were initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for XOM ($79.17 up $1.96) are neutral with an upward trend. The stock has support about $76.75. Look at the Nov. 67.50/72.50 bull-put spread for a 28-cent credit. That's a 5.9% return and the stock has to fall by 8.4% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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