This morning I bought a few Nov 70 put options for Exxon. With the elections going on, the street has worries that the house may get over taken by the democrats, or at least take half the seats. If this happens all alternative energy companies will get allot of attention, which means the oils/natural gas companies will be on the back burner.
UPDATE: I sold my put option this morning (Monday 11-6)Exxon will be going up,so I had to get out of my put ASAP. Chalk this one up as a 40% loss.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment