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Financial giants have made a conspicuous bearish move on Occidental Petroleum. Our analysis of options history for Occidental Petroleum (NYSE:OXY) revealed 24 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,412,556, and 14 were calls, valued at $574,286.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $22.5 to $60.0 for Occidental Petroleum during the past quarter.
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Occidental Petroleum's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Occidental Petroleum's whale trades within a strike price range from $22.5 to $60.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OXY | PUT | SWEEP | BEARISH | 01/15/27 | $21.1 | $20.15 | $21.1 | $60.00 | $211.0K | 2.3K | 775 |
| OXY | PUT | SWEEP | BEARISH | 01/15/27 | $20.55 | $20.15 | $20.55 | $60.00 | $205.5K | 2.3K | 375 |
| OXY | PUT | SWEEP | BEARISH | 01/15/27 | $20.55 | $20.15 | $20.51 | $60.00 | $205.4K | 2.3K | 775 |
| OXY | PUT | TRADE | BEARISH | 01/15/27 | $20.7 | $20.15 | $20.5 | $60.00 | $205.0K | 2.3K | 975 |
| OXY | PUT | SWEEP | BEARISH | 01/15/27 | $20.35 | $20.2 | $20.34 | $60.00 | $203.4K | 2.3K | 275 |
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 1.327 million barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.
5 market experts have recently issued ratings for this stock, with a consensus target price of $48.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Scotiabank persists with their Sector Perform rating on Occidental Petroleum, maintaining a target price of $47. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Occidental Petroleum with a target price of $50. * Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Occidental Petroleum with a target price of $47. * In a cautious move, an analyst from Wells Fargo downgraded its rating to Underweight, setting a price target of $42. * An analyst from Susquehanna persists with their Positive rating on Occidental Petroleum, maintaining a target price of $54.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from Benzinga Pro.
Posted In: OXY
