Occidental Petroleum Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Occidental Petroleum (NYSE:OXY) indicates a bearish sentiment among big-money investors. Benzinga's options scanner detected 19 unusual trades, with a majority being bearish. The price range targeted by these trades is between $55.0 and $70.0. Currently, OXY is trading at $62.3, down by 1.31%.
July 22, 2024 | 6:31 pm
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Options trading activity for Occidental Petroleum (NYSE:OXY) shows a bearish sentiment among big-money investors. The majority of trades are bearish, targeting a price range of $55.0 to $70.0. OXY is currently trading at $62.3, down by 1.31%.
The detection of 19 unusual options trades with a majority being bearish indicates a negative sentiment among big-money investors. This could lead to a short-term decline in OXY's stock price.
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