Financial giants have made a conspicuous bearish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $127,125, and 7 were calls, valued at $302,772.
Expected Price Movements
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 $119.0 for Exxon Mobil during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Exxon Mobil options trades today is 4696.3 with a total volume of 2,037.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Exxon Mobil's big money trades within a strike price range of $105.0 to $119.0 over the last 30 days.
Exxon Mobil Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | CALL | TRADE | BEARISH | 07/19/24 | $1.52 | $1.5 | $1.5 | $115.00 | $75.0K | 24.1K | 1.7K |
| XOM | PUT | TRADE | BULLISH | 09/20/24 | $3.2 | $3.05 | $3.1 | $110.00 | $62.0K | 4.2K | 4 |
| XOM | CALL | SWEEP | BEARISH | 10/18/24 | $10.95 | $10.75 | $10.8 | $105.00 | $55.0K | 431 | 38 |
| XOM | CALL | SWEEP | BULLISH | 07/05/24 | $0.14 | $0.13 | $0.14 | $119.00 | $40.6K | 112 | 11 |
| XOM | CALL | SWEEP | BEARISH | 09/20/24 | $3.6 | $3.5 | $3.5 | $115.00 | $40.6K | 5.9K | 61 |
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
- Currently trading with a volume of 3,141,347, the XOM's price is up by 2.16%, now at $113.15.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 32 days.
Professional Analyst Ratings for Exxon Mobil
In the last month, 1 experts released ratings on this stock with an average target price of $124.0.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Hold with a new price target of $124.
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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