NYSE:XOM   EXXON MOBIL CORPORATION
Exxon has been beaten up here, offering a decent R:R.

+2 Jan18 $80/90 call spread for $2.86 db/contract.

Risk: ~50% db loss
Profit: $89 price target (initially)
Trade closed: stop reached: Stop hit, closing this trade for a $88 loss overall.

$2.42 db, 2 sets of contracts.

Related Ideas

I like it. There is some bullish price action signals such as the pinbar and inside bar break out. I may take this trade as well.
Reply
Benji krugman25
@krugman25, I'm trying to work on expirations and expectations with my sizing/timing. Going to Jan might be quite far. The downside to more time is that it takes a long time for the extrinsic to match the spread, especially if we get quick moves.
+1 Reply
@Benji, that is always my toughest call with these trades is the timing aspect and how your gamma and delta will respond from a quick vs. Slow move, and the expiry you choose.
+1 Reply
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