Bullish option flow detected in Occidental Petroleum with 39,570 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 27.27%. Sep-24 50 puts and Oct-24 52.5 calls are the most active options, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 0.35. Earnings are expected on November 11th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Occidental Petroleum price target lowered to $78 from $81 at Susquehanna
- Occidental Petroleum announces continued progress on debt reduction
- Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives
- Occidental Petroleum price target lowered to $67 from $73 at Barclays
- Buffett’s Berkshire Adds ULTA Stake, Cuts Holdings in SNOW and AAPL