Unusual Options Activity – Occidental Petroleum Corporation (OXY)

Data Source: barchart

Today some institution/fund purchased 924 contracts of June $42.5 strike calls (or the right to buy 92,400 shares of Occidental Petroleum Corporation (OXY) at $42.5). The open interest was just 474 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”

Be in the know. 10 key reads for Wednesday…

  1. Chesapeake Energy’s stock bounces off 26-year low after production update (MarketWatch)
  2. For Fed’s Policy Meeting, Balance-Sheet Plans Take Focus (Barron’s)
  3. How to Profit From Stock Buybacks (Barron’s)
  4. 4 Big Dividend Oil Stocks to Buy Now With Crude Down Almost 20% in January (24/7 Wall Street)
  5. House Democrats call for $760 billion in infrastructure spending over five years (Reuters)
  6. Johnson & Johnson starts developing vaccine for coronavirus (Yahoo! Finance)
  7. USMCA to create 600,000 jobs, US Energy Secretary tells FOX Business (Fox Business)
  8. Red Flags in Alluring Private Equity Track Records (Institutional Investor)
  9. More affordable iPhone 11 is unlikely star of Apple earnings (Financial Times)
  10. Boeing Just Reported a Massive Loss. Why Its Stock Is Gaining. (Barron’s)

Be in the know. 8 key reads for Tuesday…

  1. 5 reasons coronavirus fears are overblown — and 14 stocks to buy now – (MarketWatch)
  2. U.S. Drugmakers Ship Therapies to China, Seeking to Treat Coronavirus (Wall Street Journal)
  3. Yahoo! Finance TV Appearance on Monday (Video) (Hedge Fund Tips)
  4. The S&P 500 Just Broke a Streak of Not Moving 1%. Here’s What History Says Happens Next. (Barron’s)
  5. The Coronavirus Slammed Stocks. How the Fed and Beijing Can Help the Economy. (Barron’s)
  6. Investors Poured Billions Into This Strategy. It’s Not Panning Out. (Institutional Investor)
  7. Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries (Reuters)
  8. Ultrafast Trading Costs Stock Investors Nearly $5 Billion a Year, Study Says (Wall Street Journal)