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XOMExxonMobil Holdings Corporation

Options Analysis Report•PETROLEUM REFINING
Market Cap $644.4B|NYSE
● 2026-08-31$156.71
BULLISH
Analysis: 2026-08-28 EOD data
1Y +36.6%YTD +27.8%7D -4.5%
49,118
30D
±7.5%
10%

XOM Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

6.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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XOM Gamma Walls

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Value

Is IV priced right?

8.6
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 31.2% — cheap vs history

<1.05x

IV/HV 1.06x — IV premium over HV

Sector Relative≤50%

Sector percentile 10% — below sector median

<1.1x

Front/Back 0.91x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 26.0% — normal range

<80%

Effective IV 38.8% (ATM 26.0% + spread 6.4% + bias) — excellent value

<3.0%

Total drag 10.95% (spread 6.42% + slippage 4.53%) — high friction

≥5.0

Vega efficiency 29.51 (vega 18.944 / spread 6.42%) — efficient

Sentiment

Bullish or bearish?

7.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +23%, Raw: +28%)
|net sentiment| ≥25%

Conviction-weighted: +23% (bullish) — Raw: +28%

≥15%

|OI skew| 17.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +50.2%, OI skew +17.2% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +28%, ATM: -20%, OTM: +44% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 41% — bullish vs sector

Activity

Unusual activity?

4.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 4.7% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +3.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 82% — very active vs sector

≥30%

Large trade volume 33% — institutional presence

≥60%

Aggressive execution 35% — patient

≥30

Conviction +23 (bullish) — mixed

Liquidity

Can I trade efficiently?

6.1
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed
≤5.0%

Spread 6.4% — wide

≥10,000

OI 1,039,160 — deep

≥500

Volume 49,118/day — active

≤$0.50

$0.32 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 14% — much tighter than sector

≥100 contracts

Depth 311.0 contracts (bid:145.1 ask:165.9) — adequate

<1.0%

Avg slippage 4.53% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -8.5% — contango

<30 or >70

IV percentile 31% — neutral

≥10pts kink

IV kink -1.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 241.01 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +23% @ 62% consistency — unclear

≥40 composite score

Score 63 (ITM 20% + inst 33%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls8.0
bullishIV cheap, bullish flow
Long Puts5.9
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call3.7
bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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