Decoding Exxon Mobil's Options Activity: What's the Big Picture?

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 trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Exxon Mobil.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $218,295, and 4 are calls, for a total amount of $243,511.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $130.0 for Exxon Mobil during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $100.0 to $130.0 in the last 30 days.

Exxon Mobil Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Exxon Mobil

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. 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.

Present Market Standing of Exxon Mobil

• With a trading volume of 1,437,789, the price of XOM is up by 0.15%, reaching $118.07.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 6 days from now.

Expert Opinions on Exxon Mobil

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $136.5.

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. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Exxon Mobil with a target price of $135. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Exxon Mobil, targeting a price of $138.

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.