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 8 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 25% leaning bullish and 75% bearish. Among these notable options, 5 are puts, totaling $352,831, and 3 are calls, amounting to $220,280.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $92.5 to $120.0 for Exxon Mobil over the recent three 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 $92.5 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 | PUT | TRADE | BEARISH | 04/19/24 | $95.00 | $201.0K | 3.2K | 600 |
| XOM | CALL | SWEEP | BULLISH | 06/20/25 | $120.00 | $139.0K | 1.2K | 229 |
| XOM | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $62.6K | 32.1K | 190 |
| XOM | CALL | SWEEP | BULLISH | 01/17/25 | $92.50 | $46.8K | 1.5K | 31 |
| XOM | CALL | TRADE | BEARISH | 12/15/23 | $100.00 | $34.4K | 4.5K | 1.4K |
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 7,361,203, the price of XOM is up by 0.58%, reaching $99.68.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 54 days from now.
Professional Analyst Ratings for Exxon Mobil
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $133.0.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Exxon Mobil with a target price of $133.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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