CNBC’s Options Action Trade for Feb 12th, 2018 – Exxon Mobil (XOM)
On Friday’s CNBC’s Options Action, the crew analyzed the performance of the DOW stocks. Exxon Mobil (XOM) was the hardest hit stock in the markets this week, down 17%. With only 5 historical occurrences of 1-week drops, larger than 17%, all produced significant gains immediately after. XOM was extremely oversold compared to the DOW and Energy stocks, provides a rebound potential. Expecting a quick bounce higher, Michael Khouw suggests buying a Mar 77.5/82.5 Call Vertical for a $1.20 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: XOM Options Action
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