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Here's Where I'd Pump a Trade in Exxon

I believe we're still in the third inning of the energy rally and I see an opportunity in XOM.
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While the market is down today, the one area that is not is the energy complex.

The Energy Select Sector SPDR Fund (XLE)  was off to a strong start, though it's slumping some in the afternoon. But I believe we are still in the third inning of this rally. Exxon Mobil (XOM) , which touched $90 a few days ago, is likely to approach that level again this next month as the energy issue stays at the forefront.

The April 22, $85 calls for XOM cost less than $2. If XOM makes a run at $90, these are going to quickly move to $4 or maybe higher. I would be a buyer.

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Trade: Buy to open XOM April 22, $85 calls for $1.99.

At the time of publication, Sebastian had no position in any security mentioned.