Moderately bullish activity in Occidental Petroleum (OXY), with shares up $1.41, or 3.24%, near $44.72. Options volume running well above average with 49k contracts traded and calls leading puts for a put/call ratio of 0.16, compared to a typical level near 0.65. Implied volatility (IV30) is higher by 0.3 points near 31.49,and above the 52wk median, suggesting an expected daily move of $0.89. Put-call skew steepened, indicating increased demand for downside protection.
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