It’s been difficult to find a clear trend within the oil sector, and John Jagerson looks at the erratic movement in oil names, including ExxonMobil (XOM) and Marathon Petroleum (MPC). For option players, the mixed performance of the sector can mean that you have to be very selective on directional plays.
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Investor Place advisors John Jagerson and S. Wade Hansen are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news. Get in on the next trade and get 1 free month today by clicking here.