Financial giants have made a conspicuous bullish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 14 unusual trades.
Delving into the details, we found 57% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $197,545, and 9 were calls, valued at $538,030.
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 $100.0 and $120.0 for Exxon Mobil, spanning the last three months.
Volume & Open Interest Trends
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 $100.0 to $120.0 in the last 30 days.
Exxon Mobil 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BEARISH | 07/19/24 | $115.00 | $177.5K | 2.7K | 500 |
| XOM | CALL | SWEEP | BULLISH | 03/15/24 | $110.00 | $102.7K | 24.6K | 3.5K |
| XOM | PUT | SWEEP | BULLISH | 01/17/25 | $115.00 | $53.2K | 4.8K | 50 |
| XOM | PUT | TRADE | BULLISH | 01/16/26 | $120.00 | $51.6K | 255 | 30 |
| XOM | CALL | TRADE | BEARISH | 03/15/24 | $108.00 | $45.7K | 3.6K | 669 |
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 3,506,039, the price of XOM is up by 0.75%, reaching $109.13.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 44 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
