Financial giants have made a conspicuous bearish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 23 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $336,369, and 14 were calls, valued at $923,505.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $110.0 for Exxon Mobil, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's significant trades, within a strike price range of $95.0 to $110.0, over the past month.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | TRADE | BEARISH | 04/19/24 | $110.00 | $288.0K | 19.3K | 166 |
| XOM | CALL | SWEEP | BULLISH | 04/19/24 | $105.00 | $104.9K | 25.3K | 806 |
| XOM | CALL | SWEEP | BULLISH | 12/20/24 | $105.00 | $82.2K | 336 | 95 |
| XOM | PUT | SWEEP | BULLISH | 09/20/24 | $105.00 | $67.0K | 670 | 289 |
| XOM | CALL | TRADE | NEUTRAL | 02/16/24 | $100.00 | $57.0K | 9.5K | 952 |
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.
Current Position of Exxon Mobil
- Trading volume stands at 10,743,357, with XOM's price up by 0.32%, positioned at $104.3.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 77 days.
Expert Opinions 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 $122.33333333333333.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Exxon Mobil, targeting a price of $132.
- An analyst from TD Cowen upgraded its action to Outperform with a price target of $115.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $120.
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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