Investors with a lot of money to spend have taken a bullish stance on Exxon Mobil 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 10 options trades for Exxon Mobil.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $137,155, and 9, calls, for a total amount of $577,164.
Expected Price Movements
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 $115.0 for Exxon Mobil, spanning the last three months.
Analyzing Volume & Open Interest
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 $100.0 to $115.0, over the past month.
Exxon Mobil Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BEARISH | 06/21/24 | $105.00 | $247.5K | 7.9K | 57 |
| XOM | PUT | SWEEP | BULLISH | 04/19/24 | $100.00 | $137.1K | 15.8K | 332 |
| XOM | CALL | SWEEP | BULLISH | 04/19/24 | $105.00 | $68.7K | 38.5K | 0 |
| XOM | CALL | SWEEP | BULLISH | 02/23/24 | $103.00 | $57.2K | 3.0K | 2.3K |
| XOM | CALL | TRADE | BEARISH | 05/17/24 | $115.00 | $39.7K | 4.8K | 392 |
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.
Following our analysis of the options activities associated with Exxon Mobil, we pivot to a closer look at the company's own performance.
Exxon Mobil's Current Market Status
- With a volume of 7,006,640, the price of XOM is down -1.15% at $103.56.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 63 days.
Expert Opinions on Exxon Mobil
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $120.0.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $120.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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