Whales with a lot of money to spend have taken a noticeably bearish stance on Exxon Mobil.
Looking at options history for Exxon Mobil XOM we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $620,588 and 18, calls, for a total amount of $713,727.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $93.0 and $130.0 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 $93.0 to $130.0 in the last 30 days.
Exxon Mobil Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | PUT | TRADE | BULLISH | 01/19/24 | $130.00 | $132.0K | 203 | 50 |
| XOM | PUT | TRADE | BULLISH | 01/19/24 | $110.00 | $72.5K | 18.0K | 241 |
| XOM | PUT | SWEEP | BULLISH | 12/01/23 | $101.00 | $71.7K | 2.4K | 172 |
| XOM | CALL | SWEEP | BULLISH | 01/19/24 | $105.00 | $67.3K | 25.7K | 2.1K |
| XOM | CALL | SWEEP | BULLISH | 01/19/24 | $105.00 | $64.0K | 25.7K | 564 |
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.
Present Market Standing of Exxon Mobil
- With a volume of 10,258,874, the price of XOM is down -0.75% at $103.68.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 69 days.
Expert Opinions on Exxon Mobil
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $136.33333333333334.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $134.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Exxon Mobil with a target price of $133.
- An analyst from UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $142.
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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