XOM - BULL CALL SPREAD

Since the early stages of this crisis, Exxon Mobil has been performing better than the market. I also have to admit that XOM is no as volatile as the light sweet crude spot. In the last two years, Exxon's price has been pretty much flat. Before July 08, the stock price has been outperforming the market but offered a sub performance compared to oil. Since mid-2008, the oil falls like a rock and the indices don't offer anything good either which gave Exxon an advantage on both, even if it lost points.

DIA - BEAR PUT SPREAD

The Dow Jones 30 ETF is most likely not headed higher, this is the reason I present several bearish option strategies today.