Put Options on XOM on 3/16/2020

Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania.

It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

As of December 31, 2019, it had approximately 23,857 net operated wells with proved reserves of 22.4 billion oil-equivalent barrels. Shares have sold off along with the rest of the market. We expect crude oil prices will continue to move lower as demand freezes up due to less flights and less economic activities. Oil should see $25 level soon.

Last Trade: $38.12

52-weeks Trading Range: $35.00 to $83.49

Trade Buy 1 April $37.50 Put at $4.00 For a net debit of $4.00 Profit/Loss Analysis Maximum profit is unbounded Maximum loss is ($400.00) at strike of $38.00 Closing Summary Sold 1 April $37.50 Put at $0.00

Position closed on 4/17/2020 at price of $0.00 with a -100.00% loss in 32 days.

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