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Occidental Petroleum call volume above normal and directionally bullish

Bullish option flow detected in Occidental Petroleum with 32,863 calls trading, 5x expected, and implied vol increasing almost 2 points to 22.38%. 4/5 weekly 68 calls and 4/5 weekly 67 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.27. Earnings are expected on May 7th.

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