Behind the Scenes of Exxon Mobil's Latest Options Trends

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 57 uncommon options trades for Exxon Mobil.

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 40%, bearish.

Out of all of the special options we uncovered, 34 are puts, for a total amount of $4,038,326, and 23 are calls, for a total amount of $1,377,481.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $120.0 for Exxon Mobil over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's significant trades, within a strike price range of $75.0 to $120.0, over the past month.

Exxon Mobil Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Current Position of Exxon Mobil

• With a trading volume of 11,703,467, the price of XOM is down by -2.62%, reaching $101.61.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 25 days from now.

Expert Opinions on Exxon Mobil

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $134.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Exxon Mobil, targeting a price of $129. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $138. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Exxon Mobil with a target price of $135.

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.