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 42 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $843,584 and 28, calls, for a total amount of $2,270,983.
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 $55.0 to $130.0 for Exxon Mobil over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Exxon Mobil options trades today is 4618.48 with a total volume of 46,318.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Exxon Mobil's big money trades within a strike price range of $55.0 to $130.0 over 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 | 11/18/22 | $100.00 | $977.0K | 2.1K | 1.0K |
| XOM | CALL | TRADE | NEUTRAL | 06/16/23 | $130.00 | $170.0K | 59 | 453 |
| XOM | PUT | TRADE | BULLISH | 12/16/22 | $115.00 | $168.3K | 0 | 94 |
| XOM | PUT | TRADE | BULLISH | 06/16/23 | $110.00 | $121.3K | 1.0K | 1.1K |
| XOM | CALL | SWEEP | BULLISH | 06/10/22 | $100.00 | $118.3K | 4.9K | 5.7K |
Where Is Exxon Mobil Standing Right Now?
- With a volume of 17,248,881, the price of XOM is up 2.94% at $101.74.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 52 days.
What The Experts Say On Exxon Mobil:
- Credit Suisse has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $115.
- Barclays has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $111.
- Argus Research has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $104.
- Morgan Stanley has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $107.
- Evercore ISI Group upgraded its action to Outperform with 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.
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