NaughtyPines

XOM POST-EARNINGS PLAY

NYSE:XOM   Exxon Mobil
I'm not going to play this particular one, as I've already got more than my fair share of oil and gas plays on at the moment (OIH, XOP, HES), but IVR/IV hasn't been this high in XOM in quite some time (79/26).

Here's what I would do were I not so heavily into the sector right now:

Dec 31st 72/84.5 short strangle for 2.01 credit
POP%: 74%
Max Profit: $201 per contract
BPE: ~ $977
BE's: 69.99/86.51
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