Occidental Petroleum Shares Down, Mixed Options Sentiment
Mixed options sentiment in Occidental Petroleum (OXY), with shares down 92c near $58.84. Options volume running well above average with 91k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.3. Implied volatility (IV30) dropped 3.5 near 40.65,in the top quartile of the past year, suggesting an expected daily move of $1.51. Put-call skew flattened, suggesting a modestly bullish tone.
