Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil 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 56% leaning bullish and 43% bearish. Among these notable options, 8 are puts, totaling $1,167,921, and 15 are calls, amounting to $924,177.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $114.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $90.0 to $114.0 in the last 30 days.
Exxon Mobil Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | PUT | TRADE | BULLISH | 09/20/24 | $100.00 | $780.0K | 992 | 1.0K |
| XOM | CALL | SWEEP | BEARISH | 01/17/25 | $100.00 | $317.2K | 4.6K | 135 |
| XOM | PUT | TRADE | BULLISH | 04/19/24 | $95.00 | $183.0K | 13.9K | 631 |
| XOM | CALL | SWEEP | BEARISH | 02/16/24 | $100.00 | $124.5K | 14.2K | 2.6K |
| XOM | CALL | SWEEP | BEARISH | 03/15/24 | $105.00 | $60.6K | 15.2K | 1.4K |
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.
In light of the recent options history for Exxon Mobil, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Exxon Mobil
- With a trading volume of 9,322,896, the price of XOM is up by 0.41%, reaching $98.31.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 9 days from now.
Expert Opinions on Exxon Mobil
4 market experts have recently issued ratings for this stock, with a consensus target price of $120.75.
- In a positive move, an analyst from Redburn Atlantic has upgraded their rating to Buy and adjusted the price target to $119.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Exxon Mobil with a target price of $132.
- An analyst from Mizuho downgraded its action to Neutral with a price target of $117.
- An analyst from TD Cowen has elevated its stance to Outperform, setting a new price target at $115.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Exxon Mobil, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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