Here is what I am looking at today. Exxon Mobil Corp. (XOM) is starting a trend up and has the potential for a great trade. I have also included an update on a previous trade example at the bottom of this message.

Let’s take a look at XOM as an example of how options work and the advantages they offer. In this case we are going to focus on True Strength Index (TSI), a powerful indicator that generates signals that help you spot great trades. You can get a great explanation of TSI here and learn more about how to use it effectively.

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You can see on the chart above that the TSI Indicator is through the 0 line, telling us it has bearish momentum. Whenever we are preparing to enter a trade, we look for confirmation that the move is solid and the likelihood of it continuing in the intended direction is high.

In this case, a move to $96 is the confirmation we are looking for. If that happens, we will look at a target of $90 and even lower.

Options are very effective trading tools as they offer leverage. As an example, if you bought one Put option contract covering 100 shares of XOM’s stock with a Feb 16th expiration date for the 95 strike, the premium would be approximately $3.65 per share, or a total of $365 for the contract of 100 shares.  If price fell the expected $6.00 over the next few weeks, the premium would likely increase approximately $4.00 to $765 This is a gain of 110% profit.  That would be a nice trade over a short period of time!

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I send you wishes for the very best,


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Last week we discussed buying DOCU calls. On 1-16 the Feb 16th 65 call was $2.40. You could have sold on 1-19 for $2.85, a 19% profit.