Financial giants have made a conspicuous bullish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 24 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $715,499, and 17 were calls, valued at $2,424,417.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $145.0 for Exxon Mobil over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Exxon Mobil stands at 9017.24, with a total volume reaching 74,388.00. 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 $105.0 to $145.0, throughout the last 30 days.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | NEUTRAL | 06/21/24 | $12.65 | $12.45 | $12.55 | $105.00 | $967.0K | 7.1K | 1.9K |
| XOM | CALL | TRADE | BULLISH | 12/20/24 | $7.0 | $6.85 | $6.95 | $120.00 | $695.0K | 3.0K | 1.2K |
| XOM | PUT | TRADE | BEARISH | 06/21/24 | $2.2 | $2.17 | $2.2 | $115.00 | $220.0K | 16.9K | 1.0K |
| XOM | PUT | TRADE | BULLISH | 06/20/25 | $21.55 | $20.85 | $20.85 | $135.00 | $208.5K | 33 | 190 |
| XOM | CALL | TRADE | BEARISH | 06/21/24 | $0.72 | $0.69 | $0.7 | $125.00 | $153.7K | 46.8K | 13.3K |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Current Position of Exxon Mobil
- Trading volume stands at 30,098,543, with XOM's price up by 0.69%, positioned at $116.8.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 81 days.
Professional Analyst Ratings for Exxon Mobil
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $137.6.
- An analyst from Scotiabank has decided to maintain their Sector Perform rating on Exxon Mobil, which currently sits at a price target of $129.
- Maintaining their stance, an analyst from HSBC continues to hold a Hold rating for Exxon Mobil, targeting a price of $120.
- An analyst from Wells Fargo persists with their Overweight rating on Exxon Mobil, maintaining a target price of $142.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Exxon Mobil with a target price of $150.
- In a cautious move, an analyst from Barclays downgraded its rating to Overweight, setting a price target of $147.
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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