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 |
Disclaimer:
The information, discussions or topics referred to on this blog should in no
way be considered “advice” to buy or sell anything. The information which may
be referred to is freely available in the public domain and where required the
source of information is referenced to for verification. While every effort has
been made to ensure the veracity of any information contained within this blog,
the author accepts no responsibility for the accuracy of any information
contained within this blog or for the sources of information which may be
referred to. Readers are responsible for their own actions and interpretation
of the information contained within this blog.
No comments:
Post a Comment