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Behind the Scenes of Occidental Petroleum's Latest Options Trends

Benzinga ·  Nov 21 02:50

High-rolling investors have positioned themselves bearish on Occidental Petroleum (NYSE:OXY), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in OXY often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 14 options trades for Occidental Petroleum. This is not a typical pattern.

The sentiment among these major traders is split, with 14% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to...

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