Mixed options sentiment in Occidental Petroleum (OXY), with shares up $1.16, or 2.69%, near $44.02. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.24 near 30.93,and above the 52wk median, suggesting an expected daily move of $0.86. Put-call skew flattened, suggesting a modestly bullish tone.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Moderately bullish activity in Occidental Petroleum with shares up 1.75%
- Occidental Petroleum price target raised to $47 from $42 at Wells Fargo
- Unusually active option classes on open June 23rd
- Mixed options sentiment in Occidental Petroleum with shares down 0.94%
- Unusually active option classes on open June 13th