Behind the Scenes of Exxon Mobil's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Exxon Mobil (NYSE:XOM) show a predominantly bearish sentiment among large investors, with 55% of trades being bearish and 37% bullish. The total value of put options is $585,261, while call options amount to $959,525. The price window targeted by these trades ranges from $50.0 to $130.0. Current trading volume for XOM is 9,197,916, with the stock price up by 0.88% to $118.9. The next earnings report is due in 72 days.
August 14, 2024 | 8:15 pm
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Exxon Mobil's recent options trading shows a bearish sentiment with 55% of trades being bearish. The stock price is currently up by 0.88% to $118.9. The next earnings report is due in 72 days.
The predominance of bearish trades (55%) in recent options activity suggests that large investors are expecting a decline in Exxon Mobil's stock price. Despite the current price increase of 0.88%, the bearish sentiment could lead to downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100