share_log

Occidental Petroleum's Options Frenzy: What You Need to Know

Benzinga ·  Oct 1 22:31

Investors with a lot of money to spend have taken a bullish stance onOccidental Petroleum(NYSE:OXY).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OXY, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades forOccidental Petroleum.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment