Occidental Petroleum: Is a 20% Stock Jump NOW Inevitable?
Could a massive surge in Occidental Petroleum call options signal an imminent 20 percent stock jump? Over 39,000 OXY call option contracts, a staggering 130 times the previous outstanding volume, recently traded with a low premium, indicating investors strongly anticipate a significant rise. This unusual activity aligns with expectations of a potential dividend hike next month, which historically correlates with higher stock valuations. Consequently, analysis suggests that if the dividend increases to one dollar and the market reverts to historical average yields, OXY stock could hit a fifty dollar target price, implying over 20 percent upside from its current level. Stay informed on these market moves and more by subscribing to our channel for exclusive insights.
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