Mixed options sentiment in Occidental Petroleum with shares up 2.72%

Mixed options sentiment in Occidental Petroleum (OXY), with shares up $1.23, or 2.72%, near $46.31. Options volume roughly in line with average with 83k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.44. Implied volatility (IV30) dropped 0.56 near 36.67,in the top quartile of the past year, suggesting an expected daily move of $1.07. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Occidental Petroleum (OXY) will report earnings after the close on 2026-02-18.Option markets are pricing in a 50% probability of a move greater than 3.32% or $1.54.