Tuesday, 17 March 2015

Exxon Mobil (XOM) ... if it ain't broke

Tuesday 17th March 2015

I've always found Exxon Mobil (XOM) to be a very reliable performer in the month or so following an oversold position. 

Further, I note that despite the continued wobble in the oil price over recent days, that the major oilies are all looking like they may have found a floor. I'd reckon that bullish for oil and so see one - maybe two - more down days to oil before it gets a half decent bounce. 

So greedily I bought a few XOM April $90 calls at 25 cents a lot and a few Royal Dutch Shell (RDSB) April £22 calls at 8.5 pence for good measure. 

Exxon Mobil - one month performance post oversold position
Source: Bloomberg
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