If you haven`t bought XOM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of XOM Exxon Mobil Corporation prior to the earnings report this week, I would consider purchasing the 105usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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XOM traded at $109.12 after earnings, and the Calls went up from $2.37 (when I wrote this article) to $4.40 at the close yesterday, for about 85% gain!