A Closer Look at Exxon Mobil's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Exxon Mobil XOM.

And retail traders should know.

We noticed this today when the trades 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.

Today, Benzinga's options scanner spotted 10 options trades for Exxon Mobil.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $653,088, and there was 1 call, for a total amount of $197,550.

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 $100.0 and $110.0 for Exxon Mobil, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $100.0 to $110.0 in the last 30 days.

Exxon Mobil Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 5,938,956, with XOM's price up by 0.23%, positioned at $103.97.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 70 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 $122.33333333333333.

• An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $120.
• 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 TD Cowen has elevated its stance to Outperform, setting a new price target at $115.

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.