Moderately bullish activity in Occidental Petroleum (OXY), with shares up 48c, or 1.19%, near $40.33. Options volume roughly in line with average with 32k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 1.0 points near 26.95,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.68. Put-call skew flattened, suggesting a modestly bullish tone.
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