Defensive option play opened in Exxon Mobile (TheFlyOnTheWall) FLY ON THE WALL 11:00 AM ET 8/10/2017 Defensive option play opened in Exxon Mobile. The stock off 30c to $79.14 and 11.7K Sep 77.5 puts bought for 78c verses the purchase of 363K shares for $79.13. The new position expresses the view that shares will likely see an uptick in volatility over the next five weeks, which doesn't include earnings. XOM reported 7/28.
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