Exxon Mobil Finding Major Resistance - Exxon Mobil (NYSE:XOM)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Despite broad market rally over the last few days, Exxon Mobil (NYSE: XOM) shares have not responded. For the seventh day in a row, the issue has stalled between 87.50 and 87.86 with its 87.78 high in Tuesday's trading. On the downside, the trio of lows from October 14-16 between 86.51 and 86.72 have been the primary support.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!