Financial giants have made a conspicuous bullish move on Occidental Petroleum. Our analysis of options history for Occidental Petroleum OXY revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $278,849, and 5 were calls, valued at $207,837.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $55.0 for Occidental Petroleum, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $25.0 to $55.0 in the last 30 days.
Occidental Petroleum Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OXY | PUT | TRADE | BULLISH | 01/16/26 | $1.8 | $1.71 | $1.73 | $42.50 | $121.1K | 3.6K | 735 |
| OXY | PUT | SWEEP | BULLISH | 03/21/25 | $3.8 | $3.75 | $3.75 | $55.00 | $101.2K | 3.4K | 433 |
| OXY | CALL | TRADE | BULLISH | 01/15/27 | $28.3 | $26.35 | $28.3 | $25.00 | $56.6K | 87 | 0 |
| OXY | PUT | SWEEP | BULLISH | 03/21/25 | $4.0 | $3.95 | $3.95 | $55.00 | $56.4K | 3.4K | 582 |
| OXY | CALL | SWEEP | BEARISH | 01/16/26 | $6.65 | $6.6 | $6.6 | $52.50 | $51.6K | 5.4K | 78 |
About Occidental Petroleum
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.
Following our analysis of the options activities associated with Occidental Petroleum, we pivot to a closer look at the company's own performance.
Current Position of Occidental Petroleum
- Trading volume stands at 3,217,843, with OXY's price down by -0.83%, positioned at $52.27.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 33 days.
What Analysts Are Saying About Occidental Petroleum
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.5.
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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 Piper Sandler has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $51. * Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Occidental Petroleum with a target price of $58.
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.
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