Looking At Exxon Mobil's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Exxon Mobil (NYSE:XOM) as indicated by unusual options activity. The activity includes 12 uncommon options trades, with a split sentiment of 41% bullish and 58% bearish. The trades include 5 puts amounting to $210,662 and 7 calls amounting to $276,315. The targeted price range for Exxon Mobil over the last 3 months has been from $92.5 to $105.0.
July 19, 2023 | 3:03 pm
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Unusual options activity indicates a bearish stance on Exxon Mobil. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish sentiment, indicates that there may be a belief among some traders that Exxon Mobil's stock price may decrease. This could potentially lead to a self-fulfilling prophecy where the bearish sentiment leads to selling pressure, which in turn could cause the stock price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100