Trade Ideas
UOA PRO Update XOM 8-17
29,000 18December 145 puts bought for 3.73 to 3.95 above open interest of 1,928 contracts; 29,000 15January 180 calls sold for 5.74 to 5.45 above open interest of 3,426 contracts. Stock 161.69-162.34.
Status Update
Ticker: XOM
Stock: 161.25
Expiration Date: 15JAN
New UOA: 29,000 18December 145 puts bought for 3.73 to 3.95 above open interest of 1,928 contracts; 29,000 15January 180 calls sold for 5.74 to 5.45 above open interest of 3,426 contracts. Stock 161.69-162.34.
Check site for other recent activity. This is post customary coverage in length but we added a few names in this space recently and put out an XLE update last week as well.
UOA PRO New Trade Idea XOM 7-13
Ticker: XOM
Type: Bullish Call Buying
Stock: 143.00
New Trade Idea
Ticker: XOM
Stock: 143.00
Trigger: 143.60
Targets/Resistance: 146.61, 150.66
Expiration Date: 07AUG
UOA: 4,000 21January *2028* 180 calls bought in one order for 8.40 above open interest of 652 contracts. Stock 143.00.
XOM $142.56 Last.
Moderately sized way out and way to the upside call buy. Energy has been tough lately with failed breakdowns and failed breakouts. Given the GEOPOL, have to think it could develop bullishly but news could also undermine it as well. Coming off the 200 SMA and attacking the 150, if it can hold above there, maybe it is on the way.
Trigger: $143.60, 150 SMA currently.
Strategy 1: Consider the XOM 07Aug. 145.00 calls for $4.15 projected at trigger level today. Near term Breakout Style to keep $ risk reasonable and there appears to be liquidity here.
Targets: 146.61 (50 SMA currently), 150.66 (100 SMA currently)