Mixed options sentiment in Occidental Petroleum (OXY), with shares down 44c near $43.06. Options volume relatively light with 43k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 0.4 points near 33.37,and above the 52wk median, suggesting an expected daily move of $0.91. Put-call skew flattened, suggesting a modestly bullish tone.
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- Occidental price target lowered to $42 from $44 at JPMorgan
