Looking At Exxon Mobil's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Exxon Mobil XOM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 21 uncommon options trades for Exxon Mobil.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $906,817, and 7 are calls, for a total amount of $597,310.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $100.0 for Exxon Mobil over the last 3 months.

Volume & Open Interest Development

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 $70.0 to $100.0 in the last 30 days.

Exxon Mobil Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM PUT SWEEP BULLISH 07/15/22 $90.00 $275.0K 27.4K 974
XOM PUT SWEEP BEARISH 09/16/22 $87.50 $216.8K 2.2K 333
XOM CALL TRADE BULLISH 01/20/23 $70.00 $202.0K 13.2K 100
XOM CALL TRADE BULLISH 01/20/23 $70.00 $120.0K 13.2K 161
XOM CALL SWEEP BULLISH 07/15/22 $84.00 $89.7K 618 187

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM PUT SWEEP BULLISH 07/15/22 $90.00 $275.0K 27.4K 974
XOM PUT SWEEP BEARISH 09/16/22 $87.50 $216.8K 2.2K 333
XOM CALL TRADE BULLISH 01/20/23 $70.00 $202.0K 13.2K 100
XOM CALL TRADE BULLISH 01/20/23 $70.00 $120.0K 13.2K 161
XOM CALL SWEEP BULLISH 07/15/22 $84.00 $89.7K 618 187

Where Is Exxon Mobil Standing Right Now?

  • With a volume of 9,063,000, the price of XOM is down -3.28% at $85.23.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 29 days.

What The Experts Say On Exxon Mobil:

  • Evercore ISI Group upgraded its action to Outperform with a price target of $120
  • Barclays has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $111.
  • Credit Suisse upgraded its action to Outperform with a price target of $125
  • Credit Suisse has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $115.
  • Goldman Sachs has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $117.

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.

Posted In: BZI-UOAOptionsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.