Spotlight on Exxon Mobil: Analyzing the Surge in Options Activity

Exxon Mobil Corporation -0.08% Pre

Exxon Mobil Corporation





+0.34% Pre

Whales with a lot of money to spend have taken a noticeably bullish stance on Exxon Mobil.

Looking at options history for Exxon Mobil (NYSE:XOM) we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $418,644 and 7, calls, for a total amount of $333,553.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $120.0 for Exxon Mobil, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's significant trades, within a strike price range of $90.0 to $120.0, over the past month.

Exxon Mobil 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM CALL TRADE BULLISH 06/21/24 $90.00 $84.8K 630 51
XOM CALL TRADE BULLISH 06/21/24 $115.00 $83.7K 8.0K 276
XOM PUT SWEEP BULLISH 01/17/25 $110.00 $70.2K 3.9K 84
XOM PUT SWEEP BULLISH 04/19/24 $115.00 $67.3K 3.8K 53
XOM PUT TRADE BEARISH 12/15/23 $120.00 $57.5K 256 37

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

  • Currently trading with a volume of 9,062,516, the XOM's price is up by 0.38%, now at $104.29.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 62 days.

What Analysts Are Saying About Exxon Mobil

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $137.5.

  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Exxon Mobil, targeting a price of $142.
  • An analyst from Mizuho persists with their Buy rating on Exxon Mobil, maintaining a target price of $133.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Exxon Mobil with Benzinga Pro for real-time alerts.

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