Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity shows a bearish stance on Occidental Petroleum (NYSE:OXY), with 60% of investors having bearish expectations. Whales have been targeting a price range of $20.0 to $72.5 for the company over the last 3 months. The stock is currently down 1.41% at $59.19, and RSI indicators suggest it may be approaching overbought.
June 08, 2023 | 5:04 pm
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Bearish options activity on Occidental Petroleum (NYSE:OXY) suggests a potential downturn, with 60% of investors having bearish expectations. The stock is currently down 1.41% at $59.19.
The article highlights unusual options activity on Occidental Petroleum, with a majority of investors (60%) having bearish expectations. This suggests that there is a higher probability of the stock price going down in the short term. Additionally, the stock is currently down 1.41% at $59.19, and RSI indicators suggest it may be approaching overbought, which could further contribute to a potential downturn.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100