Mixed options sentiment in Occidental Petroleum (OXY), with shares down 12c near $40.15. Options volume running well above average with 76k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.57. Implied volatility (IV30) dropped 0.32 near 25.57,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection.
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