Bullish option flow detected in Occidental (OXY) Petroleum with 25,207 calls trading, 1.7x expected, and implied vol increasing over 2 points to 40.13%. Jun-26 60 calls and Mar-26 61 calls are the most active options, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 6th.
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Read More on OXY:
- Early notable gainers among liquid option names on March 20th
- Occidental price target raised to $68 from $59 at HSBC
- Occidental upgraded to Neutral from Underweight at JPMorgan
- Occidental Petroleum call volume above normal and directionally bullish
- Occidental price target raised to $64 from $50 at Raymond James