Price is following the trade plan.! High five! Price looks as if it has found a mini support. We could see a little sideways up movement before a final rejection into the 80's. I am looking to possibly ride price both ways. I have positions in puts already will hold. Since a full sell signal has not been seen. Adding a few itm calls as well.
Comment
⋅
Xom Puts.. 85 dte april 15 .. 84.50 april 8 .. otm 80 april 15.... (total added costs is $4.50 per c/3 is around $1.50 cpc. I will now grab some long calls and add to puts with status notifications.. (i can be couple mins delayed so please watch as well.. )
Trade active
⋅
we got the gap fill not looking strong at all did not add longs.. pure puts on this bad boy.
Comment
⋅
XOM 04/08/2016 83.50 P PUT EXXON MOBIL CORP $83.5 EXP 04/08/16 50 $0.52 added more puts from the gap up
Comment
⋅
.92 contracts holding will not sell
Comment
⋅
be careful anyone in the trade with me max target is 84.50 before a $4 swing lower . targets 80.50.,, i will be waiting and watching as oil could have a little doom bounce so could Xom... but price does not have to follow oil trend.. this could range before swing without heading higher... targets 80.50.
Comment
⋅
if you stuck with the trade and know price. you know what is coming next :-)
Comment
⋅
Looking too add a lot more puts if price finds resistance tomorrow. the 80's price attraction is strong.
Comment
⋅
What we bears want is a nice daily close today :-) watch the candle.
Comment
⋅
still watching and holding. oil has a huge spike. Xom did not. Market seems likely to end minor bullish trend.