Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil (NYSE:XOM), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 41 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 48% leaning bullish and 43% bearish. Among these notable options, 17 are puts, totaling $868,467, and 24 are calls, amounting to $1,606,578.

What’s The Price Target?

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $100.0 and $200.0 for Exxon Mobil, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Exxon Mobil’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Exxon Mobil’s substantial trades, within a strike price spectrum from $100.0 to $200.0 over the preceding 30 days.

Exxon Mobil Option Volume And Open Interest Over Last 30 Days