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Alan Knuckman's Exxon Mobil Options Trade


Alan Knuckman of Bulls-Eye Option shared with the viewers of Bloomberg Markets his bullish trading idea in Exxon Mobil Corporation (NYSE: XOM).

He said Exxon Mobil traded flat over the last year of trade, while Dow Jones gained 25 percent and he expects it's going to catch up.

To make a bullish bet, Knuckman wants to buy the July 75 call for $8. The trade breaks even at $83 or 1.52 percent above the current market price. If Exxon Mobil can just get back to $90, where it was at the end of 2016, the option is going to gain around 70 percent, concluded Knuckman.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media


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