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NaughtyPines
Nov 13, 2015 11:37 PM

XOM POST-EARNINGS PLAY 

Exxon Mobil CorporationNYSE

Description

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
Comments
NaughtyPines
No fill.
NaughtyPines
I can't help myself; I'm going to put this play on, but with a shorter duration -- Dec 24th 70/84.5 short strangle, looking for a 1.48 fill ... .
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