Moderately bullish activity in Exxon Mobil with shares up 2.47%

Moderately bullish activity in Exxon Mobil (XOM), with shares up $3.71, or 2.47%, near $154.28. Options volume relatively light with 43k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 2.1 points near 33.46, in the highest 10% of observations over the past year, suggesting an expected daily move of $3.25. Put-call skew steepened, indicating increased demand for downside protection.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 3.48% or $5.37.