Benzinga's options scanner has just identified more than 13 option transactions on Exxon Mobil XOM, with a cumulative value of $421,036. Concurrently, our algorithms picked up 10 puts, worth a total of 383,236.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $125.0 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 $105.0 to $125.0 in 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 | TRADE | BULLISH | 01/17/25 | $110.00 | $64.7K | 5.8K | 71 |
| XOM | PUT | SWEEP | BULLISH | 04/19/24 | $105.00 | $57.4K | 7.4K | 1.2K |
| XOM | PUT | SWEEP | BULLISH | 06/21/24 | $105.00 | $50.3K | 5.8K | 311 |
| XOM | CALL | TRADE | BULLISH | 09/20/24 | $110.00 | $44.8K | 2.6K | 582 |
| XOM | PUT | TRADE | BULLISH | 06/21/24 | $110.00 | $40.7K | 4.5K | 5 |
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.
Current Position of Exxon Mobil
- Currently trading with a volume of 3,574,140, the XOM's price is up by 0.16%, now at $108.55.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 46 days.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
