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 48 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 31% leaning bullish and 68% bearish. Among these notable options, 8 are puts, totaling $1,310,603, and 40 are calls, amounting to $3,738,131.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $130.0 for Exxon Mobil during the past quarter.
Analyzing Volume & Open Interest
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 $50.0 to $130.0 in the last 30 days.
Exxon Mobil Option Volume And Open Interest Over 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 | 01/17/25 | $120.00 | $848.0K | 5.4K | 838 |
| XOM | CALL | TRADE | NEUTRAL | 01/17/25 | $130.00 | $721.8K | 12.1K | 2.0K |
| XOM | CALL | TRADE | BULLISH | 01/16/26 | $50.00 | $654.0K | 8 | 200 |
| XOM | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $327.5K | 106 | 100 |
| XOM | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $327.0K | 106 | 50 |
About Exxon Mobil
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 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.
Where Is Exxon Mobil Standing Right Now?
- With a volume of 7,472,564, the price of XOM is up 1.27% at $114.93.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 32 days.
What Analysts Are Saying About Exxon Mobil
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $127.5.
- An analyst from Mizuho has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $125.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $130.
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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