Sell Cash-Secured Put Options On ExxonMobil To Protect Against Profit-Taking – Investing.com
- Date: 05-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Sell Cash-Secured Put Options On ExxonMobil To Protect Against Profit-Taking – Investing.com
Energy giant ExxonMobil (NYSE:) announced in late April. Since the early days of the pandemic, and companies have been in the spotlight for investors. Recently, the optimism surrounding the reopening of global economies as well as recovering crude prices have provided tailwinds for the sector after a rough patch during 2020.
So far in 2021, XOM shares are up about 41%. In March, they hit a 52-week high of $62.55. Now, the stock is hovering at $59.10.
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