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News

Exxon Mobil Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | June 12, 2024 01:17pm

Financial giants have made a conspicuous bullish move on Exxon Mobil. Our analysis of options history for Exxon Mobil (NYSE:XOM) revealed 19 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $247,625, and 15 were calls, valued at $774,153.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $122.0 for Exxon Mobil over the recent three months.

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 $70.0 to $122.0 over the preceding 30 days.

Exxon Mobil Option Activity Analysis: Last 30 Days

Options Call Chart

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 TRADE NEUTRAL 01/16/26 $10.6 $10.2 $10.41 $120.00 $104.1K 5.2K 0
XOM PUT SWEEP BULLISH 07/19/24 $2.05 $2.02 $2.02 $110.00 $101.0K 15.1K 176
XOM CALL SWEEP BULLISH 07/19/24 $1.7 $1.69 $1.7 $115.00 $72.2K 17.3K 1.4K
XOM CALL TRADE BULLISH 01/17/25 $12.6 $12.45 $12.6 $105.00 $65.5K 7.6K 0
XOM CALL SWEEP BEARISH 09/20/24 $3.9 $3.9 $3.9 $115.00 $58.1K 4.9K 10

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.

Current Position of Exxon Mobil

  • With a volume of 6,073,714, the price of XOM is down -0.73% at $111.35.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 44 days.

Professional Analyst Ratings for 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 $134.5.

  • An analyst from Truist Securities downgraded its action to Hold with a price target of $124.
  • In a cautious move, an analyst from Morgan Stanley downgraded its rating to Overweight, setting a price target of $145.

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.

Posted In: XOM