Spotlight on Exxon Mobil: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Exxon Mobil (NYSE:XOM) has seen a significant increase in bearish options activity, with 90% of trades being bearish. The majority of these trades are puts, indicating a negative sentiment among traders. The stock is currently trading at $114.67, down by 1.21%, with a neutral RSI. The next earnings report is due in 11 days.

July 22, 2024 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Exxon Mobil has experienced a significant increase in bearish options activity, with 90% of trades being bearish. The stock is currently trading at $114.67, down by 1.21%. The next earnings report is due in 11 days.
The significant increase in bearish options activity, with 90% of trades being bearish, indicates a negative sentiment among traders. This is likely to put downward pressure on the stock price in the short term. Additionally, the stock is already down by 1.21%, and the upcoming earnings report in 11 days adds to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100