This Is What Whales Are Betting On Occidental Petroleum
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Occidental Petroleum (NYSE:OXY), as observed through 11 uncommon options trades. The overall sentiment is split with 36% bullish and 54% bearish. Significant trades include both calls and puts, with a price window from $52.5 to $75.0. The current price of OXY is $58.81, up 0.68%.
August 12, 2024 | 3:15 pm
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Wealthy investors have taken a bearish stance on Occidental Petroleum (NYSE:OXY), with 54% of the observed options trades being bearish. This could indicate a potential decline in OXY's stock price in the short term.
The majority of the observed options trades (54%) are bearish, indicating that wealthy investors expect a decline in OXY's stock price. This sentiment is significant given the volume and nature of the trades.
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