Occidental Petroleum (NYSE:OXY) has seen a significant uptick in options activity, indicating a bullish sentiment among deep-pocketed investors. Benzinga's options scanner revealed 22 extraordinary activities, with a majority being calls. The targeted price range for OXY is between $40.0 to $80.0. Notable options activity includes both bullish and bearish sentiments on various expiration dates and strike prices. Occidental Petroleum, an independent exploration and production company, reported net proved reserves of nearly 4.0 billion barrels of oil equivalent and an average net production of 1,234 thousand barrels per day in 2023. The stock is currently trading at $61.55, up by 0.67%, with an RSI suggesting it may be overbought. Analysts have set an average target price of $71.0 for OXY.