Exxon Offering Possible 7.76% Return Over the Next 32 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 7.76% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $87.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Exxon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Exxon is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Exxon

Exxon No Longer Lights Up the Hong Kong Skyline
Tue, 19 Nov 2013 22:23:01 GMT
The Wall Street Journal – Through its stake in the local electric company, Exxon Mobil lit up Hong Kong's famous skyline for nearly a half century, but those days are now over

Exxon shuts Texas gas processing plant after fire
Tue, 19 Nov 2013 22:15:57 GMT
Reuters – A fire caused Exxon Mobil to shut its gas processing plant in Kingsville, Texas, the company said on Tuesday, but no injuries were reported. The fire, which began in the early hours of Monday morning at the King Ranch plant, was “considerably reduced” and has been left to burn out, an Exxon spokesman said. The plant, which can process up to 500 million cubic feet per day of natural gas and associated liquids, remains shut in the meantime. U.S. next day gas prices were unmoved by the news, rising slightly on Monday on warmer weather but falling at most points on Tuesday.

ADDING MULTIMEDIA NBA, WNBA, Africare and ExxonMobil Launch New Initiative to Engage and Empower Nigeria’s Youth
Tue, 19 Nov 2013 19:42:00 GMT
Business Wire – The National Basketball Association , Women’s National Basketball Association , Africare and ExxonMobil today announced the launch of “Power Forward,” a youth engagement initiative that will use basketball to develop health, leadership and life skills in Nigeria.

Exxon Sells Hong Kong Power Biz
Tue, 19 Nov 2013 19:40:02 GMT
Zacks – ExxonMobil Corp. has agreed to divest its 60% stake in the Hong Kong power business for $3.4 billion to existing partners CLP Holdings and state-owned China Southern Grid.

Buffett Likes Exxon? Chanos Sees ‘Value Trap'
Tue, 19 Nov 2013 18:24:00 GMT
Barrons.com – It's the Oracle of Omaha versus Jim Chanos. The famed short seller told attendees of the Reuters Global Investment Outlook Summit Tuesday that Exxon Mobil (XOM) — in which Warren Buffett just disclosed a big new stake — “increasingly looks to us like a value trap,” reports Reuters' Katya Wachtel. The comments came amid Chanos' bearish thesis on national oil companies as well as the integrated majors: Chanos said his Kynikos Associates fund was bearish on national oil companies and the integrated majors. Here's the president and founder of Kynikos Associates on Buffett: “He's got his reasons but unmistakably the returns are dropping,” Chanos said of Buffett's bet on the oil giant.

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