| Big trader stays bullish on Exxon | |
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A large investor is looking for more gains in Exxon Mobil before Thanksgiving.
optionMONSTER's Heat Seeker system shows that 23,000 November 82.50 calls were sold mostly for $1.65 and 23,000 November 87.50 were purchased for about $0.33. Volume was below open interest in the lower strike, indicating that a long position was rolled higher.
The trader likely bought the November 82.50s when shares were lower and is now taking profits. At the same time, he or she is using a portion of the proceeds to open a new position at a strike that is $5 higher.
Long calls lock in the price where investors can buy a stock, which lets them position for a rally with limited capital. That can be safer than purchasing shares directly because only the cost of the options can be lost on a pullback. The calls can be sold anytime before they expire but will lose value if the stock falls. (See our Education section)
XOM fell 1.81 percent to $80.99 yesterday. The energy giant has recovered all of its losses from the last two months, closing last week at its highest level since the end of July after the price of oil rebounded.
Total option volume in XOM reached 112,500 yesterday, nearly triple its daily session for the last month. Overall calls outpaced puts by more than 3.5 to 1.
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Exxon Mobil est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Exxon Mobil est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 507,3 milliards US$ (473,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 14 mars 1997 à 100,12 US$, et son plus haut niveau récent le 29 avril 2024 à 119,73 US$. Exxon Mobil possède 4 237 270 016 actions en circulation. |