Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $50.0 to $75.0 for Occidental Petroleum over the last 3 months. Analysts' ratings vary, with UBS and Mizuho maintaining their Neutral and Buy ratings respectively, while Roth MKM and Stephens & Co. have downgraded their ratings to Neutral and Overweight respectively.
September 06, 2023 | 4:31 pm
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Occidental Petroleum has seen unusual options activity, with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. Analysts' ratings vary, with some maintaining their ratings and others downgrading.
The unusual options activity, particularly the large bullish position, indicates that there may be significant movement in the stock price of Occidental Petroleum. The mixed analyst ratings further add to the uncertainty, potentially leading to increased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100