Mixed options sentiment in Exxon Mobil with shares down 1.3%

Mixed options sentiment in Exxon Mobil (XOM), with shares down $1.96 near $148.57. Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.55. Implied volatility (IV30) dropped 0.5 near 31.44,in the top quartile of the past year, suggesting an expected daily move of $2.94. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Peer Perform at Wolfe Research.Looking ahead: Exxon Mobil (XOM) will report earnings before the open on 2026-05-01.Option markets are pricing in a 50% probability of a move greater than 2.41% or $3.58.