Traders piled into bullish options trades on Occidental Petroleum ahead of its earnings report on Tuesday.
In this article
The surge in crude prices is igniting traders’ appetite for one of the energy sector’s most notable leaders.
Traders piled into bullish options trades on Occidental Petroleum (OXY)
ahead of its earnings report on Tuesday, with call volumes outpacing puts seven-to-one, and three times as many calls bought in Monday’s session versus sold.
Among the ten biggest trades by dollar amount, nine were buying upside exposure via calls or call spreads.
Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
Wells Fargo sees shares of Occidental Petroleum rising 24% from here.
Michael Khouw breaks down how to trade this energy name using options.
Using spreads to press bullish bets may make more sense here, given the higher prices seen in both these stocks and their options…
These are the stocks posting the largest moves premarket.
Jeff Kilburg on how he's trading this big move in oil
