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Investment Strategies / Falling Knives
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Author: CrankyCharlie   😊 😞
Number: of 672 
Subject: XOM MOST OVERSOLD SINCE COVID LOW
Date: 12/18/2024 9:41 AM
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https://x.com/zerohedge/status/1869383635985744043
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Author: rayvt ✧🐝  😊 😞
Number: of 672 
Subject: Re: XOM MOST OVERSOLD SINCE COVID LOW
Date: 12/18/2024 5:19 PM
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I thought about buying a few shares, then the concept of DITM LEAPs struck me. Seems like a lot of people have been having the same idea; open interest is higher than typical for such a far out call.

The Jan 2027's are going for effective interest rate around 3%, with around 3X leverage.

Put in a midpoint buy order. It didn't fill in the hour before leaving for the airport, so I replaced it with a GTC lowball buy.
Now sitting in Dallas for a 4-hour delayed connecting flight and *surprise* it filled.

All the volumes when I left home were 0 for all the ITM strike, but now there was decent volume on all strikes.
Maybe a lot of people read that article.


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Author: CrankyCharlie   😊 😞
Number: of 672 
Subject: Re: XOM MOST OVERSOLD SINCE COVID LOW
Date: 12/18/2024 5:40 PM
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https://x.com/Barchart/status/1869511750649012534

Nope on the LEAPS. Premiums just went ballistic. VOL

Just buy the common and keep it simple

XOM is a country not a company.

No brainer
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Author: Mark19   😊 😞
Number: of 672 
Subject: Re: XOM MOST OVERSOLD SINCE COVID LOW
Date: 12/18/2024 7:39 PM
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Put in a midpoint buy order. It didn't fill in the hour before leaving for the airport, so I replaced it with a GTC lowball buy.

Good call.
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