Mixed options sentiment in Occidental Petroleum (OXY), with shares down 4c near $58.83. Options volume relatively light with 39k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.31. Implied volatility (IV30) dropped 0.1 near 37.78,in the top quartile of the past year, suggesting an expected daily move of $1.40. Put-call skew steepened, indicating increased demand for downside protection.
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