Mixed options sentiment in Occidental Petroleum (OXY), with shares up 70c, or 1.64%, near $43.70. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.67. Implied volatility (IV30) dropped 0.63 near 34.19,in the top quartile of the past year, suggesting an expected daily move of $0.94. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Occidental Petroleum (OXY) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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