XOM Short for November ER

Oct 4, 2023

Daily chart posted. Liquidity pool was forced into the equal highs around $120 and starting to fall right back into $110. If we don't hold this $110 level we should continue the move downward to $100 and lower. I personally noticed that December 15 $100 puts had over 20k in volume today and decided to scoop a few contracts myself. With earnings in early November, we have enough of a catalyst to force a strong move back down into $95 but at least $100 and below.