A Closer Look at Occidental Petroleum's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors have taken a bullish stance on Occidental Petroleum (NYSE:OXY) as observed through significant options trading activity. Benzinga's options scanner detected 10 trades, with 9 calls and 1 put, indicating a 60% bullish sentiment. The price window targeted by these trades ranges from $60 to $85. The stock is currently trading at $63.15, up by 0.73%, with an RSI indicating it may be approaching overbought territory. The next earnings report is due in 33 days.
June 28, 2024 | 4:16 pm
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Significant options trading activity for Occidental Petroleum (NYSE:OXY) indicates a bullish sentiment among investors, with 9 calls and 1 put observed. The stock is currently trading at $63.15, up by 0.73%, and may be approaching overbought territory. The next earnings report is due in 33 days.
The significant options trading activity, with a majority of calls, suggests a bullish sentiment among investors. The stock's current upward movement and the upcoming earnings report add to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100