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
![Options Call Chart](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240704/pic/0-40316166-0-968d10062c38654dc6a277a4edf3dda2.png/big)
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.
財力雄厚的投資者對西方石油公司(紐約證券交易所代碼:OXY)採取了看跌態度,這是市場參與者不容忽視的。我們對本辛加公開期權記錄的追蹤今天揭示了這一重大舉措。這些投資者的身份仍然未知,但是OXY的如此實質性的變動通常表明大事即將發生。
我們今天從觀察中收集了這些信息,當時Benzinga的期權掃描儀重點介紹了西方石油的11項非同尋常的期權活動。這種活動水平與衆不同。
這些重量級投資者的總體情緒存在分歧,27%的人傾向於看漲,63%的人傾向於看跌。在這些值得注意的期權中,有8個是看跌期權,總額爲1,043,223美元,3個是看漲期權,總額爲127,260美元。
目標價格是多少?
考慮到這些合約的交易量和未平倉合約,在過去的3個月中,鯨魚似乎一直將西方石油的價格定在50.0美元至68.0美元之間。
交易量和未平倉合約的發展
檢查交易量和未平倉合約爲股票研究提供了至關重要的見解。這些信息是衡量西方石油公司在特定行使價下期權的流動性和利息水平的關鍵。下面,我們簡要介紹了過去一個月西方石油公司重要交易的看漲期權和未平倉合約的趨勢,行使價區間爲50.0美元至68.0美元。
西方石油期權活動分析:過去 30 天
檢測到的重要期權交易:
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 |
關於西方石油公司
西方石油公司是一家獨立的勘探和生產公司,業務遍及美國、拉丁美洲和中東。截至2023年底,該公司報告的淨探明儲量爲近40億桶石油當量。2023 年日均淨產量爲 12.4 萬桶石油當量,比例約爲 50% 的液化石油和天然氣以及 50% 的天然氣。
在對圍繞西方石油公司的期權交易進行了全面審查之後,我們開始更詳細地審查該公司。這包括評估其當前的市場地位和表現。
西方石油目前的市場地位
關於西方石油的專家意見
在過去的一個月中,1位行業分析師分享了他們對該股的見解,提出平均目標價爲69.0美元。
與僅交易股票相比,期權是一種風險更高的資產,但它們具有更高的獲利潛力。嚴肅的期權交易者通過每天自我教育、擴大交易規模、關注多個指標以及密切關注市場來管理這種風險。