Soros has arranged the swap likely. I expect this to run for a few days, or more, if general markets rebound. I own Jan 2017 4.00 calls
you both are funny, this is an option expiration related forced sell off, call sellers drive it down, perfect buying opportunity.
I guess he means the underlying Energy Index. I agree, a pullback is expected, but that may be beginning of the longer rally.
I prefer XOM not paying dividends and preserving cash. The day after they announce that XOM will shoot up 5%