Exxon Mobil Unusual Options Activity For October 02
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Exxon Mobil (NYSE:XOM), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,082,969 and for calls is $728,451. Whales have been targeting a price range from $90.0 to $135.0 for Exxon Mobil over the last 3 months. The current price of XOM is down -2.23% at $114.96. Analysts from Mizuho, Morgan Stanley, Wells Fargo, and RBC Capital have maintained their ratings on Exxon Mobil with price targets ranging from $120 to $139.
October 02, 2023 | 7:01 pm
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Exxon Mobil has seen a significant amount of bearish options activity. The current price is down -2.23% at $114.96. Analysts have maintained their ratings with price targets ranging from $120 to $139.
The bearish options activity indicates that investors are expecting the price of Exxon Mobil to decrease. This, combined with the current price decrease, could lead to a short-term negative impact on the stock. However, the maintained ratings and price targets from analysts suggest that the long-term outlook may still be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100