Deep-pocketed investors have adopted a bearish approach towards Exxon Mobil XOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 5 are puts, totaling $246,747, and 16 are calls, amounting to $741,301.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $130.0 for Exxon Mobil over the recent three months.
Analyzing Volume & Open Interest
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 $95.0 to $130.0 in the last 30 days.
Exxon Mobil Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BULLISH | 04/19/24 | $110.00 | $79.7K | 5.2K | 386 |
| XOM | PUT | SWEEP | BEARISH | 02/16/24 | $95.00 | $73.5K | 25.8K | 29 |
| XOM | CALL | TRADE | BEARISH | 01/26/24 | $104.00 | $63.6K | 417 | 412 |
| XOM | CALL | SWEEP | BULLISH | 06/20/25 | $120.00 | $62.5K | 1.1K | 0 |
| XOM | CALL | TRADE | BULLISH | 06/21/24 | $105.00 | $58.0K | 6.1K | 106 |
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.
Following our analysis of the options activities associated with Exxon Mobil, we pivot to a closer look at the company's own performance.
Exxon Mobil's Current Market Status
- With a volume of 4,674,626, the price of XOM is down -0.17% at $101.97.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 34 days.
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.
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