Exxon Mobil Whale Trades Spotted

Exxon Mobil Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Exxon Mobil.

Looking at options history for Exxon Mobil XOM we detected 28 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $2,132,714 and 13, calls, for a total amount of $503,066.

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 $65.0 to $145.0 for Exxon Mobil over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Exxon Mobil options trades today is 2684.36 with a total volume of 26,051.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Exxon Mobil's big money trades within a strike price range of $65.0 to $145.0 over 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 TRADE BEARISH 12/16/22 $80.00 $1.3M 2.0K 3.0K
XOM PUT SWEEP BEARISH 10/21/22 $92.50 $112.6K 557 131
XOM PUT SWEEP BEARISH 09/16/22 $85.00 $94.5K 9.4K 427
XOM CALL SWEEP BULLISH 12/16/22 $85.00 $92.2K 445 51
XOM PUT SWEEP BEARISH 08/05/22 $91.00 $89.9K 111 861

Where Is Exxon Mobil Standing Right Now?

  • With a volume of 10,939,052, the price of XOM is down -0.57% at $89.47.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 3 days.

What The Experts Say On Exxon Mobil:

  • Morgan Stanley has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $106.
  • HSBC has decided to maintain their Hold rating on Exxon Mobil, which currently sits at a price target of $97.
  • Truist Securities has decided to maintain their Hold rating on Exxon Mobil, which currently sits at a price target of $83.
  • B of A Securities has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $120.
  • Piper Sandler upgraded its action to Overweight with a price target of $109

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