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Home.forex news reportOccidental Petroleum call volume above normal and directionally bullish

Occidental Petroleum call volume above normal and directionally bullish

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Bullish option flow detected in Occidental (OXY) Petroleum with 37,858 calls trading, 2x expected, and implied vol increasing over 3 points to 45.47%. 4/2 weekly 60 calls and 3/13 weekly 57 calls are the most active options, with total volume in those strikes near 10,400 contracts. The Put/Call Ratio is 0.11. Earnings are expected on May 6th.

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