Deep-pocketed investors have adopted a bullish approach towards Occidental Petroleum OXY, and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 8 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $188,280, and 5 are calls, amounting to $621,350.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $55.0 for Occidental Petroleum over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Occidental Petroleum’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Occidental Petroleum’s whale trades within a strike price range from $40.0 to $55.0 in the last 30 days.
Occidental Petroleum Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OXY | CALL | TRADE | BULLISH | 10/17/25 | $8.0 | $7.9 | $8.0 | $40.00 | $399.2K | 3.1K | 500 |
| OXY | PUT | SWEEP | BULLISH | 01/15/27 | $4.95 | $4.8 | $4.8 | $45.00 | $96.0K | 5.8K | 200 |
| OXY | CALL | SWEEP | BULLISH | 01/16/26 | $9.0 | $8.9 | $9.0 | $40.00 | $93.6K | 5.5K | 108 |
| OXY | CALL | TRADE | NEUTRAL | 01/16/26 | $5.1 | $5.0 | $5.05 | $45.00 | $50.5K | 10.1K | 107 |
| OXY | PUT | SWEEP | NEUTRAL | 01/15/27 | $4.95 | $4.8 | $4.87 | $45.00 | $48.7K | 5.8K | 500 |
About Occidental Petroleum
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,327 thousand barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.
Following our analysis of the options activities associated with Occidental Petroleum, we pivot to a closer look at the company’s own performance.
Current Position of Occidental Petroleum
- Trading volume stands at 2,801,549, with OXY’s price up by 0.51%, positioned at $47.85.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 70 days.
Professional Analyst Ratings for Occidental Petroleum
3 market experts have recently issued ratings for this stock, with a consensus target price of $53.67.
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* An analyst from Melius Research has revised its rating downward to Hold, adjusting the price target to $64.
* Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $52.
* An analyst from UBS has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $45.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Occidental Petroleum, Benzinga Pro gives you real-time options trades alerts.
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