An options trade on an oil giant before earnings with crude on the move higher

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Breaking News: Markets News

Markets,Personal Finance,Exxon Mobil Corp

Mike Khouw breaks down the trade in Exxon.

Over the past couple of weeks, energy stocks have outperformed as investors have moved away from technology, consumer discretionary and, well, everything else. I'll breaking down my market view and then describe a possible trade on a big energy stock into earnings. Market breadth, a crucial concept in stock markets, plays a pivotal role in assessing the strength or weakness of a bull or bear market. It signifies the extent to which multiple stocks are involved in a market trend.

All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Click here for the full disclaimer.Nishant Pant

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Traders expect a monster 18% move in Carvana post earnings this week. How to play itMike Khouw gives an options trade on the used auto seller.
Source: CNBC - 🏆 12. / 72 Read more »