Looking At Exxon Mobil's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Exxon Mobil (NYSE:XOM) with 61% of detected unusual options trades being bearish. 16 puts amounting to $1,128,569 and 2 calls amounting to $85,000 were observed. Whales have been targeting a price range of $90 to $175 for Exxon Mobil over the last 3 months.

May 30, 2023 | 3:02 pm
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Exxon Mobil has seen a bearish stance from a whale with 61% of unusual options trades being bearish. Whales have targeted a price range of $90 to $175 for the stock over the last 3 months.
The bearish stance taken by a whale with a large amount of money to spend indicates a potential negative impact on Exxon Mobil's stock price in the short term. The fact that 61% of the unusual options trades are bearish suggests that there is a significant level of pessimism among these investors. Additionally, the targeted price range of $90 to $175 over the last 3 months shows that there is a wide range of expectations for the stock's performance, which could contribute to increased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100