ExxonMobil Sees $2M Bullish Options Bet With Deep In-the-Money June Call
By TrendSpider Editor
XOM market update based on latest unusual_options data.
ExxonMobil Sees $2M Bullish Options Bet With Deep In-the-Money June Call
A single deep in-the-money call contract on ExxonMobil Corporation drew over $2 million in premium Thursday, flagging notable institutional interest in XOM ahead of June expiration. The stock is trading at $152.49, up 0.61% on the session, and sits comfortably in the upper half of its 52-week range of $101.19 to $176.40.Key Drivers of the XOM Stock Move
- Main Catalyst: One unusual call contract was flagged on XOM today, a $120 strike call expiring June 18, 2026, carrying $2,004,326.10 in total premium. With a size of 613 contracts and an open interest ratio of just 8%, the bulk of this activity appears to be new positioning rather than a close of existing exposure.
- Bull Case: The $120 strike sits roughly $32 below the current price of $152.49, making this call deeply in the money and a high-conviction, low-leverage bet that XOM holds its current price level or continues climbing through the June 18 expiration. The contract structure suggests the buyer expects little downside between now and mid-June.
- Bear Case: A single contract with an open interest ratio of only 8% limits the read-through. There is no corroborating flow from additional contracts to confirm a broader directional thesis, and XOM remains more than $23 below its 52-week high of $176.40, leaving meaningful overhead resistance in place.
XOM Unusual Options Activity
- Type: Call | Strike: $120 | Expiry: June 18, 2026 | Volume: 613 contracts | Open Interest Ratio: 8% | Status: Deep In-the-Money
XOM Relative Performance
XOM added 0.61% Thursday, a modest but positive session for the integrated energy giant. Without intraday peer or index data in today's block, the move is best viewed in the context of XOM's own range, as the stock trades near the midpoint between its 52-week low of $101.19 and its 52-week high of $176.40, leaving room for both bulls and bears to build a case from current levels.More on XOM
- ExxonMobil Sees Bullish Options Activity as $1.76M Call Bet Targets $140 Strike Into December
- ExxonMobil Sees Unusual Options Activity as $1.38M Call Bet Targets $155 Strike Ahead of October Expiry
- ExxonMobil Sees $2.8M in Bullish Options Flow as Stock Climbs Above $150
- Exxon Mobil Tops Q1 2026 Earnings Estimates by 13.7% But Shares Slip in Premarket Trading
- XOM Stock Slides 5.64% in One of Its Worst Single-Day Sessions in the Past Year
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