Moderately bullish activity in Occidental Petroleum (OXY), with shares down 34c near $41.12. Options volume roughly in line with average with 75k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.4 points near 27.5,in the bottom quartile of the past year, suggesting an expected daily move of $0.71. Put-call skew flattened, suggesting a modestly bullish tone.
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