Financial giants have made a conspicuous bullish move on Exxon Mobil. Our analysis of options history for Exxon Mobil XOM revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $159,890, and 10 were calls, valued at $717,270.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $125.0 for Exxon Mobil during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Exxon Mobil stands at 11900.89, with a total volume reaching 8,695.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Exxon Mobil, situated within the strike price corridor from $100.0 to $125.0, throughout 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 | CALL | TRADE | BULLISH | 05/17/24 | $120.00 | $284.0K | 20.2K | 3.3K |
| XOM | PUT | TRADE | BEARISH | 06/21/24 | $115.00 | $118.7K | 16.6K | 250 |
| XOM | CALL | SWEEP | BULLISH | 05/17/24 | $120.00 | $69.0K | 20.2K | 2.8K |
| XOM | CALL | TRADE | NEUTRAL | 05/17/24 | $110.00 | $62.0K | 15.9K | 115 |
| XOM | CALL | SWEEP | BULLISH | 05/17/24 | $120.00 | $58.1K | 20.2K | 285 |
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.
Where Is Exxon Mobil Standing Right Now?
- Currently trading with a volume of 2,804,464, the XOM's price is down by -0.25%, now at $113.5.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 30 days.
Expert Opinions on Exxon Mobil
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $127.5.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $130.
- An analyst from Mizuho persists with their Neutral rating on Exxon Mobil, maintaining a target price of $125.
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.
