Financial giants have made a conspicuous bearish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 29 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 21 were puts, with a value of $843,125, and 8 were calls, valued at $423,471.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $115.0 for Exxon Mobil, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Exxon Mobil stands at 10061.19, with a total volume reaching 22,007.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Exxon Mobil, situated within the strike price corridor from $65.0 to $115.0, throughout the last 30 days.
Exxon Mobil Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | PUT | SWEEP | NEUTRAL | 06/21/24 | $115.00 | $100.2K | 14.8K | 0 |
| XOM | CALL | TRADE | NEUTRAL | 01/16/26 | $65.00 | $92.0K | 93 | 25 |
| XOM | CALL | TRADE | NEUTRAL | 12/15/23 | $90.00 | $75.0K | 73 | 20 |
| XOM | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $63.8K | 36.1K | 2.2K |
| XOM | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $63.0K | 5.5K | 58 |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Present Market Standing of Exxon Mobil
- With a volume of 11,690,999, the price of XOM is down -0.21% at $99.34.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 50 days.
What The Experts Say On Exxon Mobil
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $126.66666666666667.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Exxon Mobil with a target price of $133.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $120.
- An analyst from JP Morgan persists with their Overweight rating on Exxon Mobil, maintaining a target price of $127.
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.
