Deep-pocketed investors have adopted a bearish approach towards Occidental Petroleum (NYSE:OXY), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 63% bearish. Among these notable options, 8 are puts, totaling $1,043,223, and 3 are calls, amounting to $127,260.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $68.0 for Occidental Petroleum over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $50.0 to $68.0, over the past month.
Occidental Petroleum Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|
OXY | PUT | SWEEP | BEARISH | 08/09/24 | $5.9 | $4.15 | $5.78 | $68.00 | $461.4K | 0 | 889 |
OXY | PUT | TRADE | BEARISH | 08/09/24 | $5.7 | $5.6 | $5.68 | $68.00 | $180.0K | 0 | 360 |
OXY | PUT | SWEEP | BEARISH | 08/09/24 | $5.7 | $5.3 | $5.57 | $68.00 | $155.9K | 0 | 36 |
OXY | PUT | SWEEP | BEARISH | 01/17/25 | $1.45 | $1.3 | $1.3 | $55.00 | $65.0K | 22.0K | 1 |
OXY | CALL | SWEEP | BEARISH | 12/20/24 | $6.05 | $5.95 | $5.95 | $60.00 | $64.2K | 548 | 15 |
About Occidental Petroleum
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
After a thorough review of the options trading surrounding Occidental Petroleum, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Occidental Petroleum
- Trading volume stands at 4,062,519, with OXY's price down by -0.06%, positioned at $62.32.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 28 days.
Expert Opinions on Occidental Petroleum
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $69.0.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Occidental Petroleum with a target price of $69.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
财力雄厚的投资者对西方石油公司(纽约证券交易所代码:OXY)采取了看跌态度,这是市场参与者不容忽视的。我们对本辛加公开期权记录的追踪今天揭示了这一重大举措。这些投资者的身份仍然未知,但是OXY的如此实质性的变动通常表明大事即将发生。
我们今天从观察中收集了这些信息,当时Benzinga的期权扫描仪重点介绍了西方石油的11项非同寻常的期权活动。这种活动水平与众不同。
这些重量级投资者的总体情绪存在分歧,27%的人倾向于看涨,63%的人倾向于看跌。在这些值得注意的期权中,有8个是看跌期权,总额为1,043,223美元,3个是看涨期权,总额为127,260美元。
目标价格是多少?
考虑到这些合约的交易量和未平仓合约,在过去的3个月中,大户似乎一直将西方石油的价格定在50.0美元至68.0美元之间。
交易量和未平仓合约的发展
检查交易量和未平仓合约为股票研究提供了至关重要的见解。这些信息是衡量西方石油公司在特定行使价下期权的流动性和利息水平的关键。下面,我们简要介绍了过去一个月西方石油公司重要交易的看涨期权和未平仓合约的趋势,行使价区间为50.0美元至68.0美元。
西方石油期权活动分析:过去 30 天
检测到的重要期权交易:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|
OXY | PUT | SWEEP | BEARISH | 08/09/24 | $5.9 | $4.15 | $5.78 | $68.00 | $461.4K | 0 | 889 |
OXY | PUT | TRADE | BEARISH | 08/09/24 | $5.7 | $5.6 | $5.68 | $68.00 | $180.0K | 0 | 360 |
OXY | PUT | SWEEP | BEARISH | 08/09/24 | $5.7 | $5.3 | $5.57 | $68.00 | $155.9K | 0 | 36 |
OXY | PUT | SWEEP | BEARISH | 01/17/25 | $1.45 | $1.3 | $1.3 | $55.00 | $65.0K | 22.0K | 1 |
OXY | CALL | SWEEP | BEARISH | 12/20/24 | $6.05 | $5.95 | $5.95 | $60.00 | $64.2K | 548 | 15 |
关于西方石油公司
西方石油公司是一家独立的勘探和生产公司,业务遍及美国、拉丁美洲和中东。截至2023年底,该公司报告的净探明储量为近40亿桶石油当量。2023 年日均净产量为 12.4 万桶石油当量,比例约为 50% 的液化石油和天然气以及 50% 的天然气。
在对围绕西方石油公司的期权交易进行了全面审查之后,我们开始更详细地审查该公司。这包括评估其当前的市场地位和表现。
西方石油目前的市场地位
关于西方石油的专家意见
在过去的一个月中,1位行业分析师分享了他们对该股的见解,提出平均目标价为69.0美元。
与仅交易股票相比,期权是一种风险更高的资产,但它们具有更高的获利潜力。严肃的期权交易者通过每天自我教育、扩大交易规模、关注多个指标以及密切关注市场来管理这种风险。