Press "Enter" to skip to content

This Is What Whales Are Betting On Exxon Mobil

A whale with a lot of money to spend has taken a noticeably bullish stance on Exxon Mobil.

Looking at options history for Exxon Mobil XOM we detected 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $822,165 and 8, calls, for a total amount of $352,220.

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 $50.0 to $105.0 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 3846.15 with a total volume of 11,115.00.

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 $50.0 to $105.0 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 PUT SWEEP BULLISH 01/20/23 $105.00 $410.8K 371 1.1K
XOM PUT SWEEP BULLISH 07/15/22 $85.00 $167.6K 5.7K 2.2K
XOM PUT TRADE BULLISH 09/16/22 $92.50 $97.0K 1.7K 303
XOM CALL SWEEP BULLISH 07/15/22 $92.50 $76.9K 2.9K 3.0K
XOM CALL SWEEP BULLISH 07/15/22 $95.00 $53.8K 30.1K 2.3K
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
XOM PUT SWEEP BULLISH 01/20/23 $105.00 $410.8K 371 1.1K
XOM PUT SWEEP BULLISH 07/15/22 $85.00 $167.6K 5.7K 2.2K
XOM PUT TRADE BULLISH 09/16/22 $92.50 $97.0K 1.7K 303
XOM CALL SWEEP BULLISH 07/15/22 $92.50 $76.9K 2.9K 3.0K
XOM CALL SWEEP BULLISH 07/15/22 $95.00 $53.8K 30.1K 2.3K

Where Is Exxon Mobil Standing Right Now?

  • With a volume of 35,778,981, the price of XOM is up 6.36% at $91.6.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 38 days.

What The Experts Say On Exxon Mobil:

  • Goldman Sachs has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $117.
  • Credit Suisse has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $115.
  • Credit Suisse upgraded its action to Outperform with a price target of $125
  • Barclays has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $111.
  • Barclays has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $111.

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.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published.