Lions. XOM is a buy here.
You can capitalize on this several ways.
With this trade…. you can buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential.
Two. Sell WAY OUT OF THE MONEY puts which expire out 1 month. This strategy carries much less risk.
Three. The least risky strategy is to set up a credit spread- and there are many ways to do this easily.
***I PERSONALLY LIKE TO UTILIZE EITHER SELLING PUTS, OR SETTING UP CREDIT SPREADS TO TRADE.
*** I cover each of the above strategies/how to set them up in detail, plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.
It was at the opening ...
The market is going to crash tomorrow.