XOM (XOM) options memo

The Read

XOM is up 0.94% today at $160.10.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $153.41 would change how dealers hedge this stock.

Key numbers

• Spot: $160.10
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 1.7%
• ATM implied volatility: 31.8%
• Max pain: $155.00
• Pin strike: $165.00
• Gamma flip: $153.41
• Dealer positioning: SHORT GAMMA
• Call wall: $165.00
• Put wall: $155.00
• Put/call open interest: 0.455