Occidental Petroleum Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for Occidental Petroleum (NYSE:OXY), with 64% of investors opening trades with bearish expectations. The total amount for puts is $343,656 and for calls is $168,468. Whales have been targeting a price range from $35.0 to $95.0 for Occidental Petroleum over the last 3 months. Mizuho maintains a Buy rating with a price target of $76, while Roth MKM downgraded its action to Neutral with a price target of $60.

September 19, 2023 | 3:01 pm
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Bearish options activity has been detected for Occidental Petroleum. The company has been targeted by whales for a price range from $35.0 to $95.0 over the last 3 months. Analysts have mixed opinions with Mizuho maintaining a Buy rating and Roth MKM downgrading to Neutral.
The bearish options activity indicates that investors are expecting the price of Occidental Petroleum to decrease. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100