XOM Options Profit Calculator
Calculate profit, loss, breakeven, and max gain/loss for Exxon Mobil Corp. (XOM) call and put options at expiration.
Exxon options reflect crude oil and natural gas price dynamics. IV rises with geopolitical tensions and OPEC decisions.
Over the last three months XOM has been moving at a moderate pace: 25.4% annualized realized volatility (25–45% band). When the chain's IV runs well above this realized figure, sellers are being paid for movement that hasn't been happening; when it's near or below, buyers aren't paying up relative to recent movement.
Quote refreshes every 6h. Use as context — not a real-time price.
IV typically expands into earnings and crushes on the report. Plan your position size and expiration accordingly.
Select option type and position, enter your trade details, then click Calculate P/L to see potential profit/loss at expiration.
For educational purposes only. Not financial advice. Read full disclaimer
Worked Example: Buying a XOM $165.00 Call
XOM last quoted at $164.03 (as of October 2, 2026). Take one near-the-money $165.00 call expiring in 30 days, priced with Black-Scholes using XOM's own 3-month realized volatility of 25.4% (rates and dividends set to zero): a theoretical premium of $4.31 per share, or $431.00 per contract. Real premiums are priced off implied volatility, which usually runs higher — check your broker's quote.
Cost = max loss
$431.00
Breakeven at expiration
$169.31
+3.2% from today
30-day 1σ move at this volatility
±7.3%
| If XOM at expiration… | Price | P/L (1 contract) | Return |
|---|---|---|---|
| Falls by the 1σ move | $152.09 | −$431.00 | −100.0% |
| Unchanged | $164.03 | −$431.00 | −100.0% |
| Rises by the 1σ move | $175.97 | +$666.46 | +154.6% |
| Rises by the 2σ move | $187.92 | +$1,860.92 | +431.8% |
Breakeven = $165.00 strike + $4.31 premium = $169.31
- To break even, XOM needs +3.2% by expiration — about 0.44× the ±7.3% one-standard-deviation move the same volatility implies. The premium is the price of that move; direction alone doesn't pay.
- This expiration spans XOM's earnings on October 23, 2026. Real premiums carry an event premium, so this call would likely cost more than $4.31 — pushing breakeven higher.
Options P/L for Similar Tickers
Compare XOM Head-to-Head
Trading XOM Options: Strategies & P/L Patterns
Exxon's moderate IV and meaningful options premium suit traders who can stomach commodity-driven gap risk. Covered call writers at the thirty-delta strike have historically seen most cycles expire worthless during sideways crude regimes, with rolling for credit available on rallies. Cash-secured puts at prior support fill cleanly and benefit from the dividend, making the wheel strategy popular on this name. Defined-risk iron condors print steadily during quiet OPEC cycles but require wider wings during geopolitical stress periods. Liquidity is strong in monthlies and reasonable in weeklies. Calendar spreads benefit from elevated front-month IV around OPEC meetings and EIA-data weeks. Pair trades against CVX have isolated company-specific drivers within the integrated-major complex.
Recent XOM Earnings History
Last 4 quarters of EPS estimate vs actual.
| Quarter | Estimate | Actual | Surprise |
|---|---|---|---|
| Q2 2026 | $3.59 | $3.52 | Miss -1.86% |
| Q1 2026 | $1.01 | $1.16 | Beat +14.29% |
| Q4 2025 | $1.70 | $1.71 | Beat +0.49% |
| Q3 2025 | $1.84 | $1.88 | Beat +2.44% |
EPS values from Finnhub. Refreshes daily.
Options P/L Formulas (at expiration)
Long Call: P/L = max(0, XOM − Strike) − Premium
Long Put: P/L = max(0, Strike − XOM) − Premium
Short Call/Put: P/L = Premium − Intrinsic Value
How to Use This Calculator for XOM
- Select call or put — choose based on which XOM contract you're analyzing.
- Choose buy or sell — buying XOM options means you pay the premium; selling means you receive it as credit.
- Enter the strike price — pull this from XOM's option chain on your broker.
- Enter the premium — the per-share cost. Multiply by 100 to get the total dollar cost or credit per contract.
- Enter the number of contracts — each XOM options contract covers 100 shares.
- Click Calculate — see breakeven, max profit, max loss, and P/L at various XOM expiration prices.
Frequently Asked Questions
- How do I calculate P/L on a XOM call option?
- For a long XOM call, P/L at expiration = max(0, XOM price − strike) × 100 − total premium paid. Enter the strike, premium, and number of contracts above to compute it. For short calls, P/L = premium received − max(0, XOM price − strike) × 100.
- What is the breakeven for a XOM put?
- For a long XOM put, breakeven = strike price − premium paid. The position becomes profitable when XOM closes below this level at expiration. For a short put, the same level applies, but you profit when XOM stays above it.
- What's the maximum loss when buying XOM options?
- When you buy XOM calls or puts, the maximum loss is the premium you paid (per contract × 100 shares). This is the most attractive feature of long options — your downside is capped regardless of how far XOM moves against you.
- Why are XOM option premiums so different across strikes?
- XOM's premiums vary with strike based on implied volatility, time to expiration, and how far the strike is from the current price. At-the-money strikes carry the most time value; out-of-the-money strikes are cheaper but have lower probability of finishing in-the-money.
- Does this calculator show P/L before expiration?
- No — this calculator shows P/L at expiration only. Before expiration, Exxon Mobil Corp. option prices include time value (extrinsic premium) that depends on remaining DTE, implied volatility, and the Greeks. For pre-expiration analysis, use a Black-Scholes or Options Greeks calculator.