Moderately bullish activity in Occidental Petroleum with shares down 3.72%

Moderately bullish activity in Occidental Petroleum (OXY), with shares down $1.75 near $45.48. Options volume roughly in line with average with 37k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 2.2 points near 37.11,in the top quartile of the past year, suggesting an expected daily move of $1.06. Put-call skew flattened, suggesting a modestly bullish tone.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 3.73% or $1.69.