Exxon Mobil’s Options Trade
-- 81% Potential Profit! --

And Still, Another Big Winner for the Week! !

by Ian Harvey

July 29, 2017

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Exxon Mobil Corporation (NYSE:XOM)

Here is an overview of Exxon Mobil Corporation after reporting earnings. This options trade was recommended on Monday, July 24, 2017, with the company reporting on Friday July 28; producing good potential profits within a very short period of executing the trade.

The Suggestion……from “Earnings Predictions for the Week Ahead”

U.S. oil prices have floundered in recent weeks. By June 21, crude had cratered more than 20% from its February highs and officially plunged into bear territory; down 14.3% for the first half of the year - the worst performance since 1998. ExxonMobil Corp. and Chevron Corp. - the DJIA's two energy giants - were among the 7 Dow stocks that closed the first half with a loss. Both companies experienced sharp declines in price this year, dropping more than 10% year to date when the index (with a rise of 8%) marked its best first-half performance since 2013.

The spectacular boom in U.S. shale production has played havoc with oil prices. Arguably, the biggest development in global oil markets over the last few years, the relentless increase in North American shale output has undermined efforts by OPEC and other major producers' efforts to 'rebalance' the market and prop up prices.

Therefore, expect XOM to deliver an earnings report below expectations.

The Trade……..

Option trade to consider: Buy the XOM AUG 18 2017 80.000 PUT at approximately $1.50.

The report………..

Exxon Mobil posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations.

Exxon posted second-quarter net income of $3.35 billion, or 78 cents per share, compared to $1.7 billion, or 41 cents per share, a year earlier. Analysts expected earnings of 84 cents per share.

In Africa, where Exxon produces in Nigeria, Angola and elsewhere, production slipped 16 percent due to declining fields rates and project delays.

Imperial Oil Ltd (IMO.TO), which is majority controlled by Exxon and operates in Canada's oil sands region, posted a net loss, denting Exxon's results from that country.

Exxon's Kearl oil sands operations in Alberta were partly offline, hurting Canadian production.

End Result……….

Shares of Exxon fell about 2.0 percent to $79.17 in Friday afternoon trading .

Shares of Exxon Mobil have lost 1% in the past three months, while the S&P 500 SPX, -0.13% has gained 4%.

The Profit………

Within four days this trade produced a potential profit of 81%!

ACTION TO TAKE

If you interested in being part of this profitable action just click here……

The results say it all!


Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


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