Financiers with a great deal of cash to invest have actually taken a bearish position on Occidental Petroleum OXY
And retail traders ought to understand.
We saw this today when the positions appeared on openly offered choices history that we track here at Benzinga.
Whether these are organizations or simply rich people, we do not understand. However when something this huge occurs with OXY, it typically indicates someone understands something will occur.
Today, Benzinga’s choices scanner identified 11 choices trades for Occidental Petroleum
This isn’t typical.
The total belief of these big-money traders is divided in between 9% bullish and 72%, bearish.
Out of all of the choices we revealed, there was 1 put, for an overall quantity of $33,450, and 10, calls, for an overall quantity of $422,360.
Anticipated Rate Motions
Taking into consideration the Volume and Open Interest on these agreements, it appears that whales have actually been targeting a cost variety from $50.0 to $70.0 for Occidental Petroleum over the last 3 months.
Examining Volume & & Open Interest
Evaluating the volume and open interest is a tactical action in choices trading. These metrics clarified the liquidity and financier interest in Occidental Petroleum’s choices at defined strike rates. The upcoming information imagines the variation in volume and open interest for both calls and puts, connected to Occidental Petroleum’s significant trades, within a strike cost spectrum from $50.0 to $70.0 over the preceding thirty days.
Occidental Petroleum Choice Volume And Open Interest Over Last 1 month
Largest Options Trades Observed:
| Sign | PUT/CALL | Trade Type | Belief | Exp. Date | Ask | Quote | Rate | Strike Rate | Overall Trade Rate | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OXY | CALL | TRADE | BEARISH | 01/15/27 | $ 7.45 | $ 7.1 | $ 7.23 | $ 50.00 | $ 72.3 K | 3.4 K | 103 |
| OXY | CALL | SWEEP | BEARISH | 06/20/25 | $ 2.36 | $ 2.31 | $ 2.31 | $ 50.00 | $ 46.2 K | 10.4 K | 1.0 K |
| OXY | CALL | SWEEP | BEARISH | 06/20/25 | $ 2.39 | $ 2.26 | $ 2.26 | $ 50.00 | $ 45.1 K | 10.4 K | 210 |
| OXY | CALL | SWEEP | BEARISH | 06/20/25 | $ 2.3 | $ 2.25 | $ 2.25 | $ 50.00 | $ 45.0 K | 10.4 K | 612 |
| OXY | CALL | SWEEP | BEARISH | 06/20/25 | $ 2.28 | $ 2.23 | $ 2.24 | $ 50.00 | $ 44.8 K | 10.4 K | 613 |
About Occidental Petroleum
Occidental Petroleum is an independent expedition and production business with operations in the United States, Latin America, and the Middle East. At the end of 2023, the business reported net showed reserves of almost 4 billion barrels of oil equivalent. Net production balanced 1,234 thousand barrels of oil comparable each day in 2023 at a ratio of approximately 50% oil and gas liquids and 50% gas.
Where Is Occidental Petroleum Standing Today?
- With a volume of 2,633,164, the cost of OXY is up 2.33% at $47.87.
- RSI indications hint that the underlying stock might be approaching oversold.
- Next profits are anticipated to be launched in 8 days.
What The Professionals State On Occidental Petroleum
Over the previous month, 2 market experts have actually shared their insights on this stock, proposing a typical target cost of $51.5.
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* An expert from Truist Securities has actually chosen to preserve their Hold score on Occidental Petroleum, which presently sits at a cost target of $58.
* An expert from Goldman Sachs has actually modified its score downward to Offer, changing the cost target to $45.
Trading choices includes higher threats however likewise provides the capacity for greater earnings. Smart traders alleviate these threats through continuous education, tactical trade modifications, making use of different indications, and remaining attuned to market characteristics. Stay up to date with the most recent choices trades for Occidental Petroleum with Benzinga Pro for real-time signals.
Summary Ranking:
Speculative
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