Someone with a lot of money to spend has taken a bullish stance on Exxon Mobil XOM.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Exxon Mobil.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,360, and 9, calls, for a total amount of $461,500..
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 $105.0 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 $105.0 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 | 08/19/22 | $100.00 | $171.1K | 30.3K | 522 |
| XOM | CALL | TRADE | BULLISH | 01/19/24 | $90.00 | $85.8K | 2.8K | 1 |
| XOM | CALL | SWEEP | NEUTRAL | 06/24/22 | $100.00 | $37.2K | 4.1K | 1.5K |
| XOM | CALL | TRADE | NEUTRAL | 06/16/23 | $105.00 | $30.4K | 1.5K | 31 |
| XOM | CALL | SWEEP | BEARISH | 06/17/22 | $101.00 | $28.0K | 5.9K | 5.3K |
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| XOM | CALL | SWEEP | NEUTRAL | 08/19/22 | $100.00 | $171.1K | 30.3K | 522 |
| XOM | CALL | TRADE | BULLISH | 01/19/24 | $90.00 | $85.8K | 2.8K | 1 |
| XOM | CALL | SWEEP | NEUTRAL | 06/24/22 | $100.00 | $37.2K | 4.1K | 1.5K |
| XOM | CALL | TRADE | NEUTRAL | 06/16/23 | $105.00 | $30.4K | 1.5K | 31 |
| XOM | CALL | SWEEP | BEARISH | 06/17/22 | $101.00 | $28.0K | 5.9K | 5.3K |
Where Is Exxon Mobil Standing Right Now?
- With a volume of 10,592,819, the price of XOM is up 1.95% at $97.72.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 45 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.
- Morgan Stanley has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $107.
- Barclays has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $111.
- Citigroup has decided to maintain their Neutral rating on Exxon Mobil, which currently sits at a price target of $90.
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.
https://www.benzinga.com/markets/options/22/06/27702904/what-are-whales-doing-with-exxon-mobil
2022-06-14 16:20:24Z
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