Financial giants have made a conspicuous bearish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $188,250, and 4 were calls, valued at $204,860.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $115.0 for Exxon Mobil during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Exxon Mobil's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Exxon Mobil's substantial trades, within a strike price spectrum from $105.0 to $115.0 over the preceding 30 days.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BEARISH | 04/19/24 | $110.00 | $100.0K | 34.5K | 1.3K |
| XOM | PUT | SWEEP | BULLISH | 03/15/24 | $107.00 | $44.2K | 733 | 1.9K |
| XOM | PUT | SWEEP | BULLISH | 05/17/24 | $105.00 | $43.4K | 5.2K | 142 |
| XOM | CALL | SWEEP | BEARISH | 06/21/24 | $115.00 | $40.4K | 11.9K | 229 |
| XOM | PUT | TRADE | BEARISH | 03/15/24 | $107.00 | $35.8K | 733 | 2.6K |
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.
Having examined the options trading patterns of Exxon Mobil, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Exxon Mobil Standing Right Now?
- Currently trading with a volume of 2,439,872, the XOM's price is up by 1.02%, now at $106.72.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 51 days.
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.
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