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Financial giants have made a conspicuous bullish move on Occidental Petroleum. Our analysis of options history for Occidental Petroleum (NYSE:OXY) revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $285,832, and 3 were calls, valued at $168,650.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $57.0 to $80.0 for Occidental Petroleum over the last 3 months.
In terms of liquidity and interest, the mean open interest for Occidental Petroleum options trades today is 5690.38 with a total volume of 2,638.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Occidental Petroleum's big money trades within a strike price range of $57.0 to $80.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OXY | CALL | SWEEP | BULLISH | 01/16/26 | $1.93 | $1.63 | $1.93 | $80.00 | $96.5K | 1.7K | 510 |
| OXY | PUT | SWEEP | BULLISH | 01/16/26 | $7.6 | $7.55 | $7.55 | $60.00 | $75.6K | 5.5K | 200 |
| OXY | PUT | SWEEP | BEARISH | 01/16/26 | $7.55 | $7.4 | $7.55 | $60.00 | $75.4K | 5.5K | 100 |
| OXY | PUT | SWEEP | BULLISH | 12/20/24 | $4.75 | $4.65 | $4.65 | $60.00 | $46.5K | 4.3K | 104 |
| OXY | CALL | SWEEP | BULLISH | 09/20/24 | $1.79 | $1.69 | $1.77 | $57.50 | $44.6K | 5.2K | 289 |
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Occidental Petroleum with Benzinga Pro for real-time alerts.
Posted In: OXY
