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Occidental Petroleum call volume above normal and directionally bullish

Bullish option flow detected in Occidental Petroleum (OXY) with 31,800 calls trading, 1.3x expected, and implied vol increasing over 1 point to 33.92%. 6/13 weekly 43.5 calls and 6/13 weekly 38 puts are the most active options, with total volume in those strikes near 22,800 contracts. The Put/Call Ratio is 0.36. Earnings are expected on August 6th.

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