Check Out What Whales Are Doing With XOM

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A whale with a lot of money to spend has taken a noticeably bullish stance on Exxon Mobil.

Looking at options history for Exxon Mobil XOM we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $138,805 and 8, calls, for a total amount of $317,893.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $97.5 to $150.0 for Exxon Mobil over the last 3 months.

Volume & Open Interest Development

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 $97.5 to $150.0 in the last 30 days.

Exxon Mobil Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM CALL SWEEP BULLISH 06/21/24 $110.00 $61.2K 2.3K 29
XOM CALL TRADE BEARISH 01/19/24 $115.00 $50.7K 25.2K 289
XOM PUT SWEEP BULLISH 01/19/24 $150.00 $48.2K 123 4
XOM CALL TRADE BULLISH 10/20/23 $112.00 $44.2K 9.6K 6.0K
XOM CALL SWEEP BULLISH 10/20/23 $112.00 $40.2K 9.6K 5.9K

Where Is Exxon Mobil Standing Right Now?

  • With a volume of 4,957,071, the price of XOM is up 1.2% at $112.72.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 9 days.

What The Experts Say On Exxon Mobil:

  • Bernstein downgraded its action to Outperform with a price target of $140
  • UBS has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $143.
  • RBC Capital downgraded its action to Sector Perform with a price target of $120
  • Mizuho downgraded its action to Buy with a price target of $139
  • Truist Securities upgraded its action to Buy with a price target of $131

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.

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