Moderately bullish activity in Occidental Petroleum with shares up 4.07%

Moderately bullish activity in Occidental Petroleum (OXY), with shares up $2.31, or 4.07%, near $59.16. Options volume running well above average with 103k contracts traded and calls leading puts for a put/call ratio of 0.12, compared to a typical level near 0.33. Implied volatility (IV30) is higher by 1.2 points near 36.64,in the top quartile of the past year, suggesting an expected daily move of $1.37. Put-call skew steepened, indicating increased demand for downside protection.