Hmm. Who is going to benefit the most from oil prices going up? Maybe the biggest integrated and hedged oil company in the business? You betcha.
I bought calls on XOM at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM up until it hits resistance at 1 of my two target points highlighted in green. I have highlighted key points of resistance and support as a nice visual.
I bought it only $6 away from its 52 Week low and I am planning on closing it at the $82.50-$87.25 price range.
I will keep you guys updated.
Ryan
I bought calls on XOM at the 72.50 strike 3 trading days ago and got in with a $73 price entry. I'm planning to ride XOM up until it hits resistance at 1 of my two target points highlighted in green. I have highlighted key points of resistance and support as a nice visual.
I bought it only $6 away from its 52 Week low and I am planning on closing it at the $82.50-$87.25 price range.
I will keep you guys updated.
Ryan
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.