Benzinga | Nov 19, 2021 12:16PM EST

Exxon Mobil Whale Trades For November 19

A whale with a lot of money to spend has taken a noticeably bearish stance on Exxon Mobil.

Looking at options history for Exxon Mobil (NYSE:XOM) we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40.0% of the investors opened trades with bullish expectations and 60.0% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $259,765.00 and 16, calls, for a total amount of $1,181,724.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $75.0 for Exxon Mobil over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Exxon Mobil options trades today is 17830.38 with a total volume of 59,727.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Exxon Mobil's big money trades within a strike price range of $45.0 to $75.0 over the last 30 days.

Exxon Mobil Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestXOM CALL SWEEP BEARISH 01/20/ $45.00 $294.6K 1.5K 404 23XOM CALL SWEEP BULLISH 01/21/ $62.50 $171.2K 24.9K 1.4K 22XOM CALL TRADE BEARISH 01/21/ $50.00 $114.4K 9.4K 116 22XOM CALL TRADE BULLISH 01/19/ $60.00 $111.8K 2.9K 130 24XOM CALL SWEEP BEARISH 12/17/ $65.00 $105.4K 73.7K 3.8K 21

Where Is Exxon Mobil Standing Right Now?

* With a volume of 16,641,325.00, the price of XOM is down -4.68% at $60.63.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 74 days.

What The Experts Say On Exxon Mobil:

* Truist Securities downgraded its action to Sell with a price target of $50.0

* Wells Fargo has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $75.0.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.