Insight into Exxon Mobil's Options Market Dynamics

Recent trends in the options market indicate a notable bearish sentiment surrounding Exxon Mobil. This observation stems from significant trading activity, where we identified a total of 19 trades involving Exxon Mobil (NYSE:XOM).

Upon analyzing the nature of these trades, we found that approximately 36% of investors exhibited bullish expectations, while a more dominant 47% took a bearish stance. Specifically, within these trades, six were identified as puts totaling $207,530, opposed to thirteen calls that amounted to $483,388.

Forecasted Price Range for Exxon Mobil

By examining the volume and open interest in the options contracts, it seems that major investors are anticipating a price range for Exxon Mobil between $90.00 and $135.00 over the last quarter.

Understanding Volume and Open Interest

Analyzing the volume and open interest is essential for comprehending stock movements. These indicators are vital as they reflect the liquidity and overall interest in Exxon Mobil's options at specific strike prices. Below, we provide a detailed overview of the trends observed in volume and open interest for both calls and puts pertaining to significant option trades between the $90.00 and $135.00 strike price range over the past month.

Recent Options Activity for Exxon Mobil

Here are some noteworthy options activities:

Symbol	PUT/CALL	Trade Type	Sentiment	Expiration Date	Ask	Bid	Last Price	Strike Price	Total Price	Open Interest	Volume
XOM	CALL	SWEEP	NEUTRAL	11/08/24	$1.55	$1.52	$1.52	$120.00	$68.4K	678	514
XOM	CALL	SWEEP	BEARISH	02/21/25	$1.41	$1.09	$1.21	$135.00	$63.2K	6.0K	546
XOM	PUT	SWEEP	BULLISH	01/16/26	$7.5	$7.45	$7.45	$110.00	$62.5K	2.2K	346
XOM	CALL	SWEEP	NEUTRAL	12/19/25	$6.85	$6.80	$6.84	$130.00	$54.7K	1.5K	80
XOM	CALL	SWEEP	BEARISH	11/15/24	$3.35	$3.25	$3.25	$118.00	$34.7K	100	208

Company Overview: Exxon Mobil

Exxon Mobil is a leading integrated oil and gas corporation that operates globally in exploration, production, and refining activities. In 2023 alone, the company reported an output of 2.4 million barrels of liquids alongside 7.7 billion cubic feet of natural gas daily. At the close of 2023, Exxon Mobil maintained reserves totaling 16.9 billion barrels of oil equivalent, with a significant 66% of these being liquids. Moreover, the corporation stands among the world's top refiners, boasting a total global refining capacity of 4.5 million barrels of oil per day and is also a major player in the manufacturing of both commodity and specialty chemicals.

Current Standing of Exxon Mobil

• Latest trading volume is recorded at 7,747,939 shares, and the current price for XOM is $118.8, representing a decrease of -0.57%.
• The RSI indicators suggest that the stock is positioned neutrally between overbought and oversold conditions.
• Upcoming earnings announcement is scheduled within the next 4 days.

Analyst Perspectives on Exxon Mobil

In the past month, five professional analysts have provided insights on this stock, arriving at an average price target of $124.2. Notably, Scotiabank has raised its rating to Sector Outperform with an increased price target of $145. Meanwhile, B of A Securities has downgraded its rating to Neutral with a revised price target of $124. BMO Capital continues its Market Perform rating with a target of $130, while Exane BNP Paribas has reduced its rating to Underperform, shifting its target to $105. Finally, Truist Securities maintains its Hold rating with a target price of $117.

In conclusion, engaging in options trading involves higher risks and potentially greater rewards. Savvy traders tend to manage these risks effectively by consistently educating themselves, adjusting their strategies, observing multiple indicators, and carefully tracking market developments. Keeping up with the latest trades concerning Exxon Mobil can be achieved through real-time alerts from various market platforms.

Exxon, Options, Market