Exxon Mobil At Three-Year Lows

Options and Volatility recently took a technical look at Exxon Mobil Corporation XOM, with some of the key takeaways noted below.

Shares of Exxon Mobil were trading at levels last seen in June 2012, approaching the $78 support level. Shares did briefly pierce it on Monday, with a low of $77.63, but managed to rally and close at $78.06.

The 14-day DPO is showing a extreme reading below -4, which has corresponded to prescient buy opportunities in the past.

The stock is yielding nearly 4 percent, the highest level since the Financial Crisis, and nearly 1.75 percent greater than 10-year Treasuries. Exxon Mobil shares have maintained or increased the dividend for 30 straight years.

Implied Volatility is at a post-earnings high, with put volume increasing. This is many times bullish from a contrarian standpoint.

Shares of Exxon Mobil were trading slightly higher at $78.44 after Tuesday's opening bell.