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]
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Originally published on InvestorsObserver.com