+$380. Long weekly calls based upon the fact that XOM is a giant beast and is hedged on oil for years. I think investors here just panic sold off the oil price drop and so I took a long swing position into Friday. Saudi announced they would be open to cut production and so I sold the pop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-01 13:53:00 | DEC05 14 94 CALL | buy | $0.2500 | long |
2014-12-02 11:02:00 | DEC05 14 94 CALL | sell | $0.6300 | 0 |
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