Looking At Exxon Mobil's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Exxon Mobil (NYSE:XOM), with a roughly equal split between bullish and bearish expectations. The trades include 2 puts worth $167,140 and 8 calls worth $615,270. Whales have been targeting a price range from $70.0 to $130.0 for Exxon Mobil over the last 3 months. The current price of XOM is $110.57, down 0.46%. Several financial institutions have given their ratings and price targets for XOM, with the highest being $145 by Jefferies.
October 23, 2023 | 1:45 pm
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NEUTRAL IMPACT
Exxon Mobil has seen significant unusual options activity, with a split between bullish and bearish expectations. The current price is $110.57, with price targets ranging up to $145.
The unusual options activity indicates a high level of interest in Exxon Mobil's stock, which could lead to increased volatility. The equal split between bullish and bearish expectations suggests uncertainty about the stock's future direction. The current price is below the targeted range and the highest price target, indicating potential for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100