Thursday, November 30, 2006

Exxon Mobil Corporation (XOM) - Trade 11-30-06

This morning I bought a few Dec 75 calls. In this recent surge in oil stocks it looks like Exxon is leading the pack. Many analysts have several reasons as to why big oil is moving. What ever....as long as it dose I don't care what the real reason is. My plan is to ride this one till expiration (12-15)

Update 12-14: I sold my calls this morning making a 40% gain.

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