27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on Exxon Mobil. Our analysis of options history for Exxon Mobil (NYSE:XOM) revealed 24 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $2,295,192, and 19 were calls, valued at $1,889,609.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $150.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's significant trades, within a strike price range of $100.0 to $150.0, over the past month.
Exxon Mobil Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | PUT | TRADE | BEARISH | 09/20/24 | $5.85 | $5.75 | $5.85 | $120.00 | $2.0M | 919 | 65 |
| XOM | CALL | TRADE | NEUTRAL | 05/17/24 | $22.1 | $21.6 | $21.85 | $100.00 | $362.7K | 2.0K | 336 |
| XOM | CALL | TRADE | BEARISH | 06/21/24 | $6.0 | $5.95 | $5.95 | $120.00 | $138.0K | 20.9K | 130 |
| XOM | CALL | TRADE | BULLISH | 06/21/24 | $5.9 | $5.9 | $5.9 | $120.00 | $136.8K | 20.9K | 1.9K |
| XOM | CALL | TRADE | BULLISH | 06/21/24 | $5.9 | $5.9 | $5.9 | $120.00 | $136.8K | 20.9K | 1.7K |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Having examined the options trading patterns of Exxon Mobil, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Exxon Mobil
- Trading volume stands at 4,793,701, with XOM's price up by 0.05%, positioned at $121.24.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 16 days.
Expert Opinions on Exxon Mobil
5 market experts have recently issued ratings for this stock, with a consensus target price of $137.2.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Exxon Mobil, targeting a price of $138.
- An analyst from Piper Sandler persists with their Overweight rating on Exxon Mobil, maintaining a target price of $130.
- An analyst from Truist Securities persists with their Buy rating on Exxon Mobil, maintaining a target price of $146.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Exxon Mobil with a target price of $125.
- An analyst from Barclays downgraded its action to Overweight with a price target of $147.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!