A whale with a lot of money to spend has taken a noticeably bearish stance on Exxon Mobil.
Looking at options history for Exxon Mobil XOM we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $64,868 and 20, calls, for a total amount of $2,217,816.
Predicted Price Range
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 $115.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Exxon Mobil's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Exxon Mobil's substantial trades, within a strike price spectrum from $75.0 to $115.0 over the preceding 30 days.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | NEUTRAL | 01/17/25 | $75.00 | $317.8K | 1.8K | 255 |
| XOM | CALL | SWEEP | BEARISH | 01/19/24 | $75.00 | $292.8K | 2.3K | 255 |
| XOM | CALL | SWEEP | BULLISH | 01/17/25 | $75.00 | $226.4K | 1.8K | 157 |
| XOM | CALL | SWEEP | BEARISH | 01/19/24 | $75.00 | $208.6K | 2.3K | 157 |
| XOM | CALL | SWEEP | NEUTRAL | 01/17/25 | $75.00 | $195.4K | 1.8K | 511 |
Current Position of Exxon Mobil
- With a trading volume of 1,913,044, the price of XOM has down by -2.09%, reaching $103.66. Current RSI values indicate that the stock is may be approaching oversold. Next earnings report is scheduled for 84 days from now.
Professional Analyst Ratings for Exxon Mobil:
- Consistent in their evaluation, UBS keeps a Buy rating on Exxon Mobil with a target price of $142.
- Reflecting concerns, RBC Capital lowers its rating to Sector Perform with a new price target of $120.
- Bernstein downgraded its action to Outperform with a price target of $140.
- Showing optimism, Truist Securities upgrades its rating to Buy with a revised price target of $131.
- Maintaining their stance, Jefferies continues to hold a Buy rating for Exxon Mobil, targeting a price of $145.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Exxon Mobil options trades with real-time alerts from Benzinga Pro.
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