XOMA Royalty Corporation
Long
Updated

XOM: Wedges and a Megaphone

If there were options for XOM, I would open and long straddle given the likelihood of big future volatility. There aren't, so I'm flipping the coin long on the thesis that the broader US market is in a bull.
Note
XOMA, not XOM. Sorry!
Note
XOMA jumped out of the outer wedge and I'm now opening a short position.

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