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What the Options Market Tells Us About Occidental Petroleum

Benzinga ·  Nov 27, 2024 00:31

Whales with a lot of money to spend have taken a noticeably bullish stance onOccidental Petroleum.

Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $99,595 and 12, calls, for a total amount of $513,920.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $70.0 for...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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