Exxon Mobile (XOM) is up 2.8 percent to $66.85 and one of the best gainers in the Dow Jones Industrial Average after the oil giant posted earnings that beat Street estimates. In the options market, a noteworthy trade is the Jan11 65 – 75 call spread, traded 14500X at $3.80. Recall that we saw the same spread trade at $3.40, 14500X Friday, and today’s action might add to that position on the heels of the better-than-expected results (it’s also possibly closing, for a 40 cent profit, but more likely adds since it appears to be a buyer. Will check the open interest tomorrow.)


2 users commented on " Exxon Mobil Corp (XOM) $66.24 +2.81% "
Follow-up comment rss or Leave a Trackbackreally like this new graphics on the site… keep up the good work
Thanks. Open interest data indicate that this was also opening. So, two days of new positions in this spread at an average of $3.60. Good timing since crude added $2 yesterday and is up again today.