Moderately bullish activity in Occidental Petroleum (OXY), with shares up 43c, or 0.8%, near $54.04. Options volume roughly in line with average with 13k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 0.1 points near 38.98,in the top quartile of the past year, suggesting an expected daily move of $1.33. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on OXY:
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