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Mixed options sentiment in Occidental Petroleum with shares up 2.69%

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.

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