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Looking At Exxon Mobil's Recent Unusual Options Activity
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Looking At Exxon Mobil's Recent Unusual Options Activity
Apr 29, 2024 10:40 AM

Financial giants have made a conspicuous bullish move on Exxon Mobil ( XOM ). Our analysis of options history for Exxon Mobil ( XOM ) revealed 25 unusual trades.

Delving into the details, we found 60% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $226,087, and 20 were calls, valued at $1,255,503.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $160.0 for Exxon Mobil ( XOM ), spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Exxon Mobil's ( XOM ) options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Exxon Mobil's ( XOM ) significant trades, within a strike price range of $70.0 to $160.0, over the past month.

Exxon Mobil 30-Day Option Volume & Interest Snapshot

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 NEUTRAL 06/20/25 $24.5 $24.35 $24.46 $100.00 $122.4K 428 100
XOM CALL SWEEP BEARISH 06/20/25 $24.65 $24.45 $24.45 $100.00 $122.2K 428 150
XOM CALL TRADE BULLISH 01/16/26 $24.2 $24.2 $24.2 $105.00 $104.0K 1.2K 43
XOM CALL TRADE BULLISH 01/17/25 $15.4 $15.25 $15.4 $110.00 $90.8K 5.7K 60
XOM CALL TRADE NEUTRAL 12/20/24 $8.3 $8.15 $8.23 $120.00 $82.3K 2.7K 300

About Exxon Mobil

ExxonMobil ( XOM ) 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?

With a trading volume of 9,212,886, the price of XOM is up by 1.36%, reaching $119.56.

Current RSI values indicate that the stock is is currently neutral between overbought and oversold.

Next earnings report is scheduled for 88 days from now.

What Analysts Are Saying About Exxon Mobil

In the last month, 5 experts released ratings on this stock with an average target price of $136.4.

An analyst from Scotiabank persists with their Sector Perform rating on Exxon Mobil ( XOM ), maintaining a target price of $129.

Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Exxon Mobil ( XOM ), targeting a price of $150.

An analyst from Wells Fargo persists with their Overweight rating on Exxon Mobil ( XOM ), maintaining a target price of $138.

An analyst from TD Cowen has decided to maintain their Buy rating on Exxon Mobil ( XOM ), which currently sits at a price target of $120.

An analyst from Piper Sandler persists with their Overweight rating on Exxon Mobil ( XOM ), maintaining a target price 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 ( XOM ), Benzinga Pro gives you real-time options trades alerts.

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