Wednesday, January 11, 2017

XOM in this daily and weekly chart the stock cross below the support line from sma in both weekly and daily chart,the stock looks to find support at 85,5$ in daily chart at 100% from fibo.but they allready have set the next price target at a)84$ and b)82$ the IVR is just 17% and for this reason we sold a strangle 37D, we sell 80$ put and 90$ call for 100$ and for this trade we have 70% probability of success.



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