Moderately bullish activity in Occidental Petroleum (OXY), with shares up $1.47, or 3.24%, near $46.73. Options volume roughly in line with average with 63k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 0.8 points near 38.6,in the top quartile of the past year, suggesting an expected daily move of $1.14. Put-call skew steepened, indicating increased demand for downside protection.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 4.44% or $2.08.
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