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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 32,863 calls trading, 5x expected, and implied vol increasing almost 2 points to 22.38%. 4/5 weekly 68 calls and 4/5 weekly 67 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.27. Earnings are expected on May 7th.

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