Mixed options sentiment in Occidental Petroleum (OXY), with shares down 43c near $45.55. Options volume running well above average with 40k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.61. Implied volatility (IV30) dropped 1.15 near 35.31,in the top quartile of the past year, suggesting an expected daily move of $1.01. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on OXY:
- Unusually active option classes on open June 13th
- CVX, OXY, XOM: Crude Oil Prices Jump Nearly 5% on Middle East Tensions, China-U.S. Trade Deal
- Unusually active option classes on open June 12th
- CVX, OXY, XOM: Oil Prices Could Fall Below $50, Warns S&P Global
- Occidental Petroleum call volume above normal and directionally bullish
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