Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Occidental Petroleum (NYSE:OXY), with 29 uncommon options trades spotted, including 5 puts and 24 calls. The overall sentiment is split between 55% bullish and 44% bearish. Whales have been targeting a price range of $20 to $70 for OXY over the last 3 months.
June 02, 2023 | 6:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Occidental Petroleum (NYSE:OXY) has seen unusual options activity, with 29 uncommon trades and a 55% bullish sentiment. Whales have targeted a $20-$70 price range over the last 3 months.
The unusual options activity in Occidental Petroleum indicates that big-money traders are taking positions in the stock, which could lead to increased volatility and potential short-term price movements. The 55% bullish sentiment suggests that there is a higher probability of the stock price going up in the short term. Additionally, the targeted price range of $20 to $70 over the last 3 months indicates that these traders are expecting significant price movements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100