Whales with a lot of money to spend have taken a noticeably bullish stance on Exxon Mobil.
Looking at options history for Exxon Mobil XOM we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $79,296 and 10, calls, for a total amount of $743,228.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $130.0 for Exxon Mobil during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Exxon Mobil's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Exxon Mobil's substantial trades, within a strike price spectrum from $110.0 to $130.0 over the preceding 30 days.
Exxon Mobil Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | BULLISH | 04/19/24 | $5.85 | $5.8 | $5.8 | $115.00 | $269.7K | 26.9K | 67 |
| XOM | CALL | SWEEP | BEARISH | 01/17/25 | $16.65 | $16.55 | $16.55 | $110.00 | $152.2K | 5.9K | 104 |
| XOM | CALL | SWEEP | BULLISH | 05/17/24 | $0.68 | $0.66 | $0.68 | $130.00 | $66.0K | 2.1K | 1.0K |
| XOM | CALL | TRADE | BEARISH | 09/20/24 | $7.55 | $7.5 | $7.5 | $120.00 | $51.7K | 4.9K | 12 |
| XOM | CALL | SWEEP | BEARISH | 06/21/24 | $7.8 | $7.75 | $7.75 | $115.00 | $46.5K | 14.6K | 92 |
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.
After a thorough review of the options trading surrounding Exxon Mobil, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Exxon Mobil Standing Right Now?
- With a volume of 4,568,024, the price of XOM is up 0.5% at $120.32.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 21 days.
Professional Analyst Ratings for Exxon Mobil
In the last month, 5 experts released ratings on this stock with an average target price of $127.6.
- 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 Wells Fargo has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $138.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Exxon Mobil, targeting a price of $130.
- An analyst from TD Cowen has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $120.
- Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target 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.
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