Exxon Mobil Unusual Options Activity For November 07
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Exxon Mobil (NYSE:XOM), with a notably bearish stance. Of the 22 strange trades detected, 27% were bullish and 72% were bearish. The trades included 2 puts for a total of $64,868 and 20 calls for a total of $2,217,816. The targeted price range for Exxon Mobil over the last 3 months is $75.0 to $115.0. The current price of XOM is $103.66, down by -2.09%. Analysts have mixed ratings for Exxon Mobil, with price targets ranging from $120 to $145.
November 07, 2023 | 3:01 pm
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Exxon Mobil has seen unusual options activity with a bearish stance. The current price is $103.66, down by -2.09%. Analysts have mixed ratings for the stock.
The bearish options activity indicates that investors are expecting the price of Exxon Mobil to decrease. This, combined with the current downward trend in price, suggests a negative short-term impact on the stock. However, the mixed analyst ratings indicate some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100