Exxon Mobil Unusual Options Activity For April 05
Portfolio Pulse from Benzinga Insights
Exxon Mobil (NYSE:XOM) has seen significant options trading activity, with a bullish sentiment prevailing among investors. Analysis of 13 trades reveals a majority bullish outlook, with 53% of trades being bullish and 46% bearish. The trades include 3 puts and 10 calls, with a notable interest in strike prices ranging from $110.0 to $130.0. The largest trades indicate a mix of bullish and bearish sentiments on specific call options. Exxon Mobil, a major oil and gas company, has a current stock price of $120.32, with analysts giving it an average target price of $127.6. The company's next earnings are expected in 21 days, and it's considered potentially overbought based on RSI indicators.
April 05, 2024 | 2:46 pm
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Exxon Mobil's options trading shows a bullish sentiment, with a focus on $110-$130 strike prices. Analysts have an average target price of $127.6, and the stock is currently at $120.32.
The bullish sentiment in options trading, combined with the analysts' target prices exceeding the current stock price, suggests a positive short-term outlook for Exxon Mobil. The anticipation of earnings in 21 days adds to the potential for stock price movement. However, the mention of the stock potentially being overbought could temper some of the bullish expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100