Moderately bullish activity in Occidental Petroleum (OXY), with shares up 20c, or 0.45%, near $46.05. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.4 points near 33.41,in the top quartile of the past year, suggesting an expected daily move of $0.97. Put-call skew flattened, suggesting a modestly bullish tone.
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