Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $52.5 to $95.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60 while Mizuho maintains their Buy rating with a price target of $76.
October 02, 2023 | 4:16 pm
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Occidental Petroleum has seen significant bullish options activity. The sentiment among these traders is 64% bullish. The price targets range from $52.5 to $95.0.
The unusual options activity indicates that big-money traders are taking a bullish stance on Occidental Petroleum. This could potentially drive the stock price up in the short term. The price targets ranging from $52.5 to $95.0 also suggest a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100