Exxon (XOM) Offering Possible 16.55% Return Over the Next 24 Calendar Days

Exxon's most recent trend suggests a bullish bias. One trading opportunity on Exxon is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 16.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $62.50 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

Is Exxon Stock A Buy As The Oil Major Promises Net-Zero Emissions By 2050?
Sun, 23 Jan 2022 16:10:32 +0000
Exxon Mobil followed other oil majors in promising to hit net-zero emissions by 2050. Is XOM stock a buy?

Cooper Buys Welbilt Inc, iShares Global REIT ETF, iShares National Muni Bond ETF, Sells iShares …
Fri, 21 Jan 2022 22:38:14 +0000
Investment company Cooper (Current Portfolio) buys Welbilt Inc, iShares Global REIT ETF, iShares National Muni Bond ETF, UnitedHealth Group Inc, iShares Short-Term National Muni Bond ETF, sells iShares Core S&P 500 ETF, Broadstone Net Lease Inc, Vanguard Total International Bond ETF, Schwab U.S.

Oil: Geopolitical risks ‘elevated prices a little bit more,’ strategist says
Fri, 21 Jan 2022 21:05:22 +0000
Tortoise Portfolio Manager Rob Thummel joins Yahoo Finance Live to discuss oil price outlook, geopolitical tensions between Russia and the UAE, buying exposure through pipelines, the energy sector, and how oil supplies are trying to keep up with demands.

Oil: What happens next with oil around $85 and geopolitical tensions rising
Fri, 21 Jan 2022 20:15:05 +0000
KPMG’s Global Head of Energy Regina Mayor joins Yahoo Finance Live to give insights into the oil market in 2022 given various factors.

Buy Exxon Mobil Stock While Still Great
Fri, 21 Jan 2022 20:08:23 +0000
Exxon Mobil (NYSE:XOM) stock is great again. Over the last year, it has outperformed even Apple (NASDAQ:AAPL). It opened Jan. 21 at $73.13/share, up 48% over the last trading year, bringing the market cap to $306 billion. Source: Jonathan Weiss / Shutterstock.com Despite this, it’s relatively cheap. The dividend still yields 4.8%. If it hits the average analyst estimate for net income this year, $6.11 per share, the forward price to earnings ratio is under 12. The shares have been especially hot

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