Before today I only had one trade outstanding in Exxon Mobil Stock. On Nov 28 I sold the the Dec 20 expiry $89 put strike for .91 cents.
On Friday, XOM stock set a new 52 week low but I failed to act fast enough to roll down on Friday.
I did not make that mistake this morning. As explained in last night’s investing strategy notes, I was expecting a bounce back this morning to start the day. Most stocks participated in that bounce back.
With XOM stock this morning pushed almost to $89, it was time to roll down my positions and set up new ones to compliment the roll down and get ready for 2015.
This involved 4 trades today, all of which are based on the 3 and 5 year charts.
Exxon Mobil Stock (XOM) Trade Alert and Strategy Discussion
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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