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.
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:
- Exxon Mobil Stock (XOM) Slips Despite Predicting Victory in $1T Chevron Battle
- Exxon Mobil and Chevron Get Ready to do Battle Over $1T Guyana Oilfields
- Occidental Petroleum price target raised to $44 from $42 at BofA
- Occidental Petroleum price target raised to $44 from $42 at Citi
- CVX, OXY, XOM: China Is Top Buyer of Canadian Crude Oil Via the Trans Mountain Pipeline