Update: XOM Feb Put Spread

On Monday prior to Exxon’s (XOM) Q4 results yesterday, I detailed a defined-risk bearish trade idea in the stock, suggesting that weak results from peer Chevron (CVX) on Friday and the revelation over the weekend that the two companies discussed a merger last...

Amazon (AMZN) Q4 Preview / Trade Ideas

Today after the close AMZN will report is Q4 earnings. The options market is implying about a 5% one-day move, or about $174 in either direction tomorrow which is a tad shy of the 6% average one-day post-earnings move over the last four quarters. Shares of AMZN are up...

Tiger Tank? – XOM

Over the weekend it was reported that the two largest integrated oil companies in the U.S., Exxon (XOM) and Chevron (CVX) discussed a merger in the last year, per WSJ: The chief executives spoke about combining the oil giants after the pandemic shook the world last...