ExxonMobil Sees $2M Bullish Options Bet With Deep In-the-Money June Call

May 14, 2026

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.

The options activity arrives as energy markets continue to navigate volatile crude price dynamics and a complex global demand picture. With expiration on June 18, 2026, roughly five weeks out, the position likely reflects a short-duration tactical stance rather than a long-term structural call on Exxon. Given the depth of the in-the-money position, the primary risk for the contract buyer is a sharp pullback in XOM shares before expiration. The stock's 52-week low of $101.19 is a distant concern from current levels, but any deterioration in the energy macro backdrop could pressure the name.

XOM Unusual Options Activity

Type: Call | Strike: $120 | Expiry: June 18, 2026 | Volume: 613 contracts | Open Interest Ratio: 8% | Status: Deep In-the-Money

The lone flagged contract accounts for the entirety of unusual options flow on XOM today, with zero puts flagged against it. The absence of any put-side activity reinforces the unambiguously directional nature of Thursday's flow.

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.