A whale with a lot of money to spend has taken a noticeably bearish stance on Exxon Mobil.
Looking at options history for Exxon Mobil (NYSE:XOM) we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $415,227 and 7, calls, for a total amount of $459,550.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $95.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Development
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 $70.0 to $95.0 in the last 30 days.
Exxon Mobil Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | NEUTRAL | 10/21/22 | $95.00 | $182.4K | 2.8K | 411 |
| XOM | CALL | TRADE | BEARISH | 01/19/24 | $90.00 | $99.6K | 3.0K | 81 |
| XOM | PUT | TRADE | BEARISH | 07/22/22 | $94.00 | $73.3K | 1.1K | 170 |
| XOM | PUT | TRADE | BEARISH | 07/22/22 | $94.00 | $64.8K | 1.1K | 80 |
| XOM | PUT | TRADE | BULLISH | 07/22/22 | $94.00 | $64.5K | 1.1K | 250 |
Where Is Exxon Mobil Standing Right Now?
- With a volume of 5,388,573, the price of XOM is up 0.08% at $85.71.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 28 days.
What The Experts Say On Exxon Mobil:
- Evercore ISI Group upgraded its action to Outperform with a price target of $120
- Goldman Sachs has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $117.
- Credit Suisse upgraded its action to Outperform with a price target of $125
- Morgan Stanley has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $107.
- Credit Suisse has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $115.
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.
