Mixed options sentiment in Occidental Petroleum (OXY), with shares up 98c, or 2.37%, near $42.09. Options volume more than double the daily average with 71k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.68. Implied volatility (IV30) dropped 0.18 near 27.32,in the bottom quartile of the past year, suggesting an expected daily move of $0.72. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on OXY:
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- Moderately bullish activity in Occidental Petroleum with shares down 0.83%
- Occidental Petroleum call volume above normal and directionally bullish
- Moderately bullish activity in Occidental Petroleum with shares up 1.19%