NEW YORK (AVAFIN) -- A record number of Exxon Mobil Corporation call contracts were traded during the busy trading session. There
were 0.3 call contracts traded for each put contract yielding a 3.19 put/call ratio
where 29,937 put and 9,399 call contracts exchanged hands.
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A significant increase in the trading volume of a stock's option often is a precursor of movement
by the underlying stock. In such instances, put/call Ratio can be used as an investor sentiment
indicator, where a high ratio implies that the overall investor sentiment is bearish and a low
put/call ratio implies that the sentiment is bullish.
As nations become more protective of their natural resources, the company will find it increasingly difficult to increase production and book reserves.
Additionaly, Record-high commodity prices helped produce record profits. If commodity prices slip, so will profits. Low natural gas prices are weighing on profitability currently.
On the volume side, 7M shares were traded which is less
than the average volume. Exxon Mobil Corporation is trading below the 50 day
moving average and higher than the 200 day moving average.
Shares of XOM opened today at $88.39 and settled the day down $0.33 to $88.28
during the session. The day's trading range is between $87.97 and $88.51 respectively.
Performance indicators show that the stock has gained 1.18% within the last month.
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