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Occidental Petroleum call volume above normal and directionally bullish
The Fly

Occidental Petroleum call volume above normal and directionally bullish

Bullish option flow detected in Occidental Petroleum with 22,386 calls trading, 1.3x expected, and implied vol increasing over 1 point to 23.61%. Sep-23 66 calls and 9/29 weekly 60 puts are the most active options, with total volume in those strikes near 9,500 contracts. The Put/Call Ratio is 0.45. Earnings are expected on November 7th.

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