Exxon Mobil earnings beat estimates coming in at 63 cents per share. However overall earnings were down 38 percent from the same quarter last year and revenue fell to $2.7 billion from $4.2 billion last year.
This means Exxon Mobil Stock is overvalued in relation to its peers and that should keep put premiums elevated.
Exxon Mobil Stock (XOM) Trade Alert Oct 28 2016
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