As we told you last week, we closed the first half of our call options in major diversified oil and gas company Exxon Mobil Corp. (NYSE: XOM) with a 70% gain after just one day.
That’s great!
Even better, Exxon extended its rally and brought more value into our remaining call options.
But the short-term price pattern on XOM’s stock is somewhat bearish. It could generate a short-term reversal in fortunes for this buy on black.
Rather than sit through a consolidation or correction, let’s secure near-triple-digit gains by closing the second half of this trade.
We can revisit XOM and other oil stocks after a correction as our system warrants.
Your Action to Take:
Sell to Close XOM July $47.50 Call Options
Here are your details to complete this action:
Trade Recommendation |
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Sell Action to Take |
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Stock: |
Exxon Mobil Corp. (NYSE: XOM) |
Option Type: |
Call Option |
Expiration: |
July 17, 2020 |
Strike Price: |
$47.50 |
Option Symbol: |
XOM200717C00047500 |
Action: |
Sell to Close |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$6.80 (Anything above $6.80 is great.) |
Note: Do not place a market order. |
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If you have any questions about today’s trade, email our team at apexprofit@banyanhill.com.
Good investing,
John Ross
Editor, Apex Profit Alert