Exxon Mobil Corporation (NYSE:XOM) shares traded slightly slower on Wednesday.
On CNBC’s “Options Action,” Brian Stutland of Equity Armor Investments said some activity was seen in ExxonMobil.
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There was a seller of 2,000 of the April 14 weekly 114-puts at an average price of 26 cents per contract, Stutland mentioned.
The trader expects short term floor and more upside for Exxon Mobil.
On Friday, The Wall Street Journal reported that Exxon Mobil is eyeing a deal to acquire independent energy firm Pioneer Natural Resources (NYSE:PXD).
US WTI crude oil surged $1.73, or 2.1%, to close at $83.26 per barrel on Wednesday, recording its highest level in five months.
Price Action: Exxon Mobil shares fell 0.1% to close at $115.23 on Wednesday and added 0.1% in the after-hours trading session.
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