Occidental Petroleum Shares Up Slightly to $53.98
Moderately bullish activity in Occidental Petroleum (OXY), with shares up 4c, or 0.08%, near $53.98. Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.31. Implied volatility (IV30) dropped 1.69 near 33.8,and above the 52wk median, suggesting an expected daily move of $1.15. Put-call skew flattened, suggesting a modestly bullish tone.
