Occidental Petroleum's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) has seen a surge in options trading, with a mix of bullish and bearish sentiments. Significant investors are targeting a price range of $37.5 to $70.0. The stock is currently trading at $52.48, with a consensus target price of $65.6 from analysts.
October 01, 2024 | 2:31 pm
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Occidental Petroleum has experienced a significant increase in options trading activity, indicating potential price movements. The sentiment is mixed, with a slight bullish tilt. Analysts have set a consensus target price of $65.6.
The surge in options trading, particularly with a majority of call options, suggests a bullish sentiment among investors. The current trading price is $52.48, and analysts have a target price of $65.6, indicating potential upside. The mixed sentiment in options trading, with 50% bullish and 33% bearish, suggests some uncertainty, but the overall activity points to a likely positive short-term impact on the stock price.
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IMPORTANCE 80
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