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ExxonMobil And Other Energy Stocks Traders Are Actively Selling

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that trading in ExxonMobil Corp.
byPriya Nigam
November 18, 2022
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On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that trading in ExxonMobil Corp. (NYSE:XOM) and other energy stocks suggests the overall market sentiment is bearish.

Check out other stocks making moves in the premarket.

There was a seller of 17,700 of the February 125 calls at an average price of $2.75 per contract, Khouw mentioned. The trader collected $4.8 million in premium and expects the rally to come to an end, he stated.

There was a similar activity in Schlumberger NV (NYSE:SLB) and Halliburton Company (NYSE:HAL), Khouw added.

XOM Price Action: Shares of Exxon Mobil had risen by 0.13% to close at $113.06 on Thursday.

 
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