20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Deep-pocketed investors have adopted a bearish approach towards Exxon Mobil (NYSE:XOM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 12 are puts, totaling $1,323,477, and 11 are calls, amounting to $718,402.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $110.0 for Exxon Mobil, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Exxon Mobil's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Exxon Mobil's whale trades within a strike price range from $85.0 to $110.0 in the last 30 days.
Exxon Mobil Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | PUT | TRADE | BULLISH | 01/19/24 | $105.00 | $476.0K | 27.0K | 826 |
| XOM | PUT | SWEEP | BEARISH | 01/17/25 | $100.00 | $370.0K | 9.3K | 419 |
| XOM | CALL | SWEEP | BULLISH | 03/15/24 | $105.00 | $198.1K | 9.0K | 1.9K |
| XOM | PUT | SWEEP | NEUTRAL | 01/19/24 | $105.00 | $104.6K | 27.0K | 1.2K |
| XOM | CALL | SWEEP | NEUTRAL | 01/17/25 | $110.00 | $91.9K | 3.5K | 1.3K |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Following our analysis of the options activities associated with Exxon Mobil, we pivot to a closer look at the company's own performance.
Current Position of Exxon Mobil
- With a trading volume of 6,868,942, the price of XOM is down by -3.36%, reaching $99.18.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 22 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Exxon Mobil options trades with real-time alerts from Benzinga Pro.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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