Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Alan Knuckman's Exxon Mobil Options Trade

Share:

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

 

Related Articles (XOM)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Jim Cramer Advises His Viewers On STMicroelectronics And Kroger

Benzinga's Option Alert Recap From February 17