Read rjm77me's blog in RSS
January 11, 2010
Share This
The Spread is up 20% as of today. I will take profit by Wenesday. RDC has also moved up since my post - still holding
Here is my lower risk Calendar spread for XOM
Buy Feb 70 Call XOMBN and sell Jan 70 Call XOMAN for net debit of MAX 95 Cents
XOM is sitting in basement due to its purchase of XTO about 8 days ago.
In my opinion it will work its way up and you have up to next 20 days to be right or wrong.
I also like RDC at present valuation and a dip will be a buy in my own trading account.