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 17 uncommon options trades for Exxon Mobil.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $601,177, and 4 are calls, for a total amount of $410,710.
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 $90.0 and $120.0 for Exxon Mobil, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $90.0 to $120.0 in the last 30 days.
Exxon Mobil Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BULLISH | 09/20/24 | $100.00 | $254.8K | 610 | 2 |
| XOM | PUT | SWEEP | BULLISH | 01/19/24 | $95.00 | $109.4K | 20.5K | 7 |
| XOM | PUT | TRADE | BULLISH | 02/16/24 | $105.00 | $104.3K | 2.7K | 103 |
| XOM | CALL | TRADE | BEARISH | 06/20/25 | $105.00 | $73.1K | 511 | 18 |
| XOM | PUT | SWEEP | BULLISH | 02/16/24 | $105.00 | $61.6K | 2.7K | 813 |
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.
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.
Current Position of Exxon Mobil
- With a trading volume of 4,127,901, the price of XOM is up by 0.71%, reaching $102.45.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 39 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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