Deep-pocketed investors have adopted a bearish approach towards Exxon Mobil XOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $101,760, and 6 are calls, amounting to $681,031.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $120.0 for Exxon Mobil, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $95.0 to $120.0 in the last 30 days.
Exxon Mobil Call and Put Volume: 30-Day Overview
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 | SWEEP | BULLISH | 12/13/24 | $2.8 | $2.64 | $2.8 | $109.00 | $275.3K | 3.4K | 1.6K |
| XOM | CALL | SWEEP | BULLISH | 12/13/24 | $2.94 | $2.52 | $2.8 | $109.00 | $168.0K | 3.4K | 2.0K |
| XOM | CALL | SWEEP | BULLISH | 12/13/24 | $2.8 | $2.68 | $2.8 | $109.00 | $112.0K | 3.4K | 605 |
| XOM | CALL | TRADE | BEARISH | 12/13/24 | $2.53 | $2.5 | $2.5 | $109.00 | $50.0K | 3.4K | 2.4K |
| XOM | CALL | SWEEP | BEARISH | 12/20/24 | $1.56 | $1.45 | $1.45 | $111.00 | $43.5K | 142 | 318 |
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 of 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.
In light of the recent options history for Exxon Mobil, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Exxon Mobil
- With a trading volume of 6,181,601, the price of XOM is up by 0.15%, reaching $112.09.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 50 days from now.
What Analysts Are Saying About Exxon Mobil
In the last month, 4 experts released ratings on this stock with an average target price of $127.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital persists with their Sector Perform rating on Exxon Mobil, maintaining a target price of $115. * An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $115. * An analyst from UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $147. * An analyst from TD Cowen has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $132.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
