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A large investor apparently believes that upside potential will be limited in Occidental Petroleum for the next year.
optionMONSTER's tracking programs detected the sale of 4,000 January 2017 80 calls in one print for $2.20 on Friday. Volume surpassed open interest of 2,368 contracts, showing that this is a new position.
Short calls generate income and fix the price where a stock must be sold. The trade is usually done in conjunction with long shares in a covered-call strategy, reflecting a belief upside will be limited through expiration.(See our Coaching section)
OXY rose 4.49 percent to $68.83 on Friday and is up 8 percent in the last week. The oil and gas producer is scheduled to report earnings before the market opens on Thursday.
Overall option volume in the name was twice the daily average on Friday.
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Occidental Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Occidental Petroleum est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 51,8 milliards US$ (48,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 99,99 US$, et son plus bas niveau récent le 16 octobre 2020 à 10,00 US$. Occidental Petroleum possède 764 580 032 actions en circulation. |