Looking At Exxon Mobil's Recent Unusual Options Activity

Exxon Mobil Corporation -1.07% Pre

Exxon Mobil Corporation





-0.24% Pre

Investors with a lot of money to spend have taken a bullish stance on Exxon Mobil (NYSE:XOM).

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.

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

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $30,000, and 20, calls, for a total amount of $793,767.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $120.0 for Exxon Mobil over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Exxon Mobil stands at 8618.94, with a total volume reaching 11,978.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Exxon Mobil, situated within the strike price corridor from $80.0 to $120.0, throughout the last 30 days.

Exxon Mobil 30-Day Option Volume & Interest Snapshot

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM CALL SWEEP BULLISH 02/09/24 $100.00 $69.9K 1.6K 202
XOM CALL SWEEP BEARISH 02/09/24 $106.00 $59.0K 1.0K 843
XOM CALL TRADE BULLISH 02/09/24 $102.00 $50.5K 1.4K 5
XOM CALL TRADE BEARISH 03/15/24 $105.00 $50.2K 21.2K 874
XOM CALL SWEEP BULLISH 04/19/24 $110.00 $48.3K 15.4K 0

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.

After a thorough review of the options trading surrounding Exxon Mobil, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Exxon Mobil

  • Trading volume stands at 6,970,010, with XOM's price up by 0.66%, positioned at $103.81.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 3 days.

Professional Analyst Ratings for Exxon Mobil

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $120.75.

  • Showing optimism, an analyst from Redburn Atlantic upgrades its rating to Buy with a revised price target of $119.
  • In a positive move, an analyst from TD Cowen has upgraded their rating to Outperform and adjusted the price target to $115.
  • An analyst from UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $132.
  • An analyst from Mizuho downgraded its action to Neutral with a price target of $117.

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.

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