Alan Knuckman's Exxon Mobil Options Trade

Alan Knuckman of Bulls-Eye Option shared with the viewers of Bloomberg Markets his bullish trading idea in Exxon Mobil Corporation XOM.

He said Exxon Mobil traded flat over the last year of trade, while Dow Jones gained 25 percent and he expects it's going to catch up.

To make a bullish bet, Knuckman wants to buy the July 75 call for $8. The trade breaks even at $83 or 1.52 percent above the current market price. If Exxon Mobil can just get back to $90, where it was at the end of 2016, the option is going to gain around 70 percent, concluded Knuckman.