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 33 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $861,415 and 17, calls, for a total amount of $1,830,400.
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 $20.0 to $100.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $20.0 to $100.0 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 | TRADE | BEARISH | 09/16/22 | $100.00 | $1.0M | 7.4K | 10.1K |
| XOM | PUT | TRADE | BULLISH | 07/29/22 | $88.00 | $131.5K | 186 | 1.0K |
| XOM | PUT | SWEEP | BEARISH | 07/29/22 | $88.00 | $108.6K | 186 | 1.4K |
| XOM | CALL | SWEEP | BEARISH | 06/16/23 | $95.00 | $98.5K | 1.0K | 0 |
| XOM | CALL | SWEEP | BEARISH | 08/19/22 | $85.00 | $81.7K | 3.9K | 243 |
Where Is Exxon Mobil Standing Right Now?
- With a volume of 11,557,383, the price of XOM is up 2.18% at $87.97.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 10 days.
What The Experts Say On Exxon Mobil:
- 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 $106.
- Piper Sandler upgraded its action to Overweight with a price target of $109
- Truist Securities has decided to maintain their Hold rating on Exxon Mobil, which currently sits at a price target of $83.
- B of A Securities has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $120.
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.
