Mixed options sentiment in Occidental Petroleum (OXY), with shares down $1.56 near $53.20. Options volume roughly in line with average with 43k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.34. Implied volatility (IV30) dropped 3.09 near 37.98,in the top quartile of the past year, suggesting an expected daily move of $1.27. Put-call skew steepened, indicating increased demand for downside protection.
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