Occidental Petroleum Stock Options
OXY Stock | USD 63.20 0.55 0.88% |
Occidental Petroleum's option chain provides insight into all available option contracts written on Occidental Petroleum's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Occidental Petroleum's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Occidental option contract.
In The Money vs. Out of Money Option Contracts on Occidental Petroleum
Analyzing Occidental Petroleum's in-the-money options over time can help investors to take a profitable long position in Occidental Petroleum regardless of its overall volatility. This is especially true when Occidental Petroleum's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Occidental Petroleum's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Occidental Petroleum's stock while costing only a fraction of its price.
Occidental Petroleum's latest option contracts expiring on 2024-03-22 are carrying combined implied volatility of 30.05 with a put-to-call open interest ratio of 0.85 over 70 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-03-22. The current put volume is at 4203, with calls trading at the volume of 16510. This yields a 0.25 put-to-call volume ratio. The Occidental Petroleum option chain provides detailed quote and price information for the current Occidental Petroleum option contracts. It shows all of Occidental Petroleum's listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-03-22 Option Contracts
Occidental Petroleum option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Occidental Petroleum's lending market. For example, when Occidental Petroleum's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Occidental Petroleum, he or she must hedge the risk by shorting Occidental Petroleum stock over its option's life.
2024-03-22
The chart above shows Occidental Petroleum's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Occidental Petroleum's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Occidental Petroleum's option, there is no secondary market available for investors to trade.
Occidental Petroleum Maximum Pain Price across 2024-03-22 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Occidental Petroleum close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Occidental Petroleum's stock options are financial instruments that give investors the right to buy or sell shares of Occidental Petroleum common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Occidental stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Occidental Petroleum's stock price goes up or down, the stock options follow.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. Please note that buying 'in-the-money' options on Occidental Petroleum lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Occidental Petroleum's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Occidental Petroleum contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Occidental Stock moves the wrong way.
At this time, Occidental Petroleum's Preferred Stock Total Equity is fairly stable compared to the past year. Capital Stock is likely to rise to about 8.9 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 17.6 B in 2024. Occidental Petroleum In The Money Call Balance
When Occidental Petroleum's strike price is surpassing the current stock price, the option contract against Occidental Petroleum stock is said to be in the money. When it comes to buying Occidental Petroleum's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Occidental Petroleum are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Occidental Current Options Market Mood
Occidental Petroleum's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Occidental Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Occidental Petroleum's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Occidental Petroleum's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Occidental Petroleum's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Occidental contract
Base on the Rule 16, the options market is currently suggesting that Occidental Petroleum will have an average daily up or down price movement of about 1.88% per day over the life of the 2024-03-22 option contract. With Occidental Petroleum trading at USD 63.2, that is roughly USD 1.19. If you think that the market is fully incorporating Occidental Petroleum's daily price movement you should consider buying Occidental Petroleum options at the current volatility level of 30.05%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Occidental |
Purchasing Occidental Petroleum options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Occidental calls. Remember, the seller must deliver Occidental Petroleum stock to the call owner when a call is exercised.
Occidental Petroleum Option Chain
When Occidental Petroleum's strike price is surpassing the current stock price, the option contract against Occidental Petroleum stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Occidental Petroleum's option chain is a display of a range of information that helps investors for ways to trade options on Occidental. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Occidental. It also shows strike prices and maturity days for a Occidental Petroleum against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-03-22 CALL at $35.0 | 0.9157 | 0.0046 | 0 | 2024-03-22 | 26.45 - 29.85 | 0.0 | In |
Call | 2024-03-22 CALL at $40.0 | 0.9627 | 0.0046 | 2 | 2024-03-22 | 22.25 - 23.5 | 0.0 | In |
Call | 2024-03-22 CALL at $45.0 | 0.9532 | 0.0071 | 0 | 2024-03-22 | 17.9 - 18.5 | 0.0 | In |
Call | 2024-03-22 CALL at $46.0 | 0.9454 | 0.0082 | 0 | 2024-03-22 | 16.75 - 17.55 | 0.0 | In |
Call | 2024-03-22 CALL at $47.0 | 0.9301 | 0.0098 | 0 | 2024-03-22 | 15.9 - 17.45 | 0.0 | In |
Call | 2024-03-22 CALL at $48.0 | 0.924 | 0.0109 | 0 | 2024-03-22 | 14.95 - 16.45 | 0.0 | In |
Call | 2024-03-22 CALL at $49.0 | 0.9248 | 0.0118 | 0 | 2024-03-22 | 13.65 - 14.65 | 0.0 | In |
Call | 2024-03-22 CALL at $50.0 | 0.9946 | 0.0026 | 108 | 2024-03-22 | 12.95 - 13.5 | 12.93 | In |
Call | 2024-03-22 CALL at $51.0 | 0.9279 | 0.014 | 0 | 2024-03-22 | 11.95 - 13.15 | 7.2 | In |
Call | 2024-03-22 CALL at $52.0 | 0.9041 | 0.0169 | 0 | 2024-03-22 | 10.15 - 11.7 | 0.0 | In |
Call | 2024-03-22 CALL at $53.0 | 0.9254 | 0.0174 | 0 | 2024-03-22 | 9.1 - 10.5 | 9.7 | In |
Call | 2024-03-22 CALL at $54.0 | 0.9113 | 0.0207 | 12 | 2024-03-22 | 8.95 - 10.15 | 8.67 | In |
Call | 2024-03-22 CALL at $55.0 | 0.9798 | 0.0111 | 22 | 2024-03-22 | 7.25 - 8.35 | 8.25 | In |
Call | 2024-03-22 CALL at $56.0 | 0.9047 | 0.0279 | 206 | 2024-03-22 | 5.95 - 7.5 | 6.15 | In |
Call | 2024-03-22 CALL at $57.0 | 0.9406 | 0.0275 | 125 | 2024-03-22 | 5.2 - 7.25 | 6.33 | In |
Call | 2024-03-22 CALL at $58.0 | 0.9865 | 0.0138 | 247 | 2024-03-22 | 5.0 - 6.3 | 5.23 | In |
Call | 2024-03-22 CALL at $59.0 | 0.8799 | 0.0524 | 117 | 2024-03-22 | 3.2 - 5.2 | 4.45 | In |
Call | 2024-03-22 CALL at $60.0 | 0.9239 | 0.0612 | 1253 | 2024-03-22 | 2.83 - 3.55 | 3.3 | In |
Call | 2024-03-22 CALL at $61.0 | 0.8721 | 0.1037 | 1601 | 2024-03-22 | 2.29 - 2.41 | 2.51 | In |
Call | 2024-03-22 CALL at $62.0 | 0.7639 | 0.1763 | 2689 | 2024-03-22 | 1.43 - 1.5 | 1.42 | In |
Call | 2024-03-22 CALL at $63.0 | 0.5601 | 0.2478 | 2648 | 2024-03-22 | 0.75 - 0.78 | 0.75 | In |
Call | 2024-03-22 CALL at $64.0 | 0.3166 | 0.225 | 3008 | 2024-03-22 | 0.32 - 0.34 | 0.32 | Out |
Call | 2024-03-22 CALL at $65.0 | 0.1377 | 0.1384 | 1620 | 2024-03-22 | 0.11 - 0.12 | 0.11 | Out |
Call | 2024-03-22 CALL at $66.0 | 0.0559 | 0.0664 | 415 | 2024-03-22 | 0.04 - 0.05 | 0.04 | Out |
Call | 2024-03-22 CALL at $67.0 | 0.0277 | 0.0335 | 519 | 2024-03-22 | 0.02 - 0.03 | 0.02 | Out |
Call | 2024-03-22 CALL at $68.0 | 0.0235 | 0.0241 | 8926 | 2024-03-22 | 0.02 - 0.03 | 0.02 | Out |
Call | 2024-03-22 CALL at $69.0 | 0.0205 | 0.0185 | 222 | 2024-03-22 | 0.01 - 0.02 | 0.02 | Out |
Call | 2024-03-22 CALL at $70.0 | 0.0107 | 0.0102 | 1307 | 2024-03-22 | 0.01 - 0.02 | 0.01 | Out |
Call | 2024-03-22 CALL at $71.0 | 0.0097 | 0.0083 | 3 | 2024-03-22 | 0.0 - 0.01 | 0.01 | Out |
Call | 2024-03-22 CALL at $85.0 | 0.0047 | 0.0019 | 2 | 2024-03-22 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-03-22 PUT at $53.0 | -0.0066 | 0.0041 | 336 | 2024-03-22 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-03-22 PUT at $56.0 | -0.0154 | 0.0107 | 454 | 2024-03-22 | 0.0 - 0.02 | 0.02 | Out |
Put | 2024-03-22 PUT at $57.0 | -0.0174 | 0.0137 | 401 | 2024-03-22 | 0.01 - 0.02 | 0.02 | Out |
Put | 2024-03-22 PUT at $58.0 | -0.0118 | 0.0127 | 1263 | 2024-03-22 | 0.01 - 0.02 | 0.01 | Out |
Put | 2024-03-22 PUT at $59.0 | -0.0237 | 0.0251 | 1362 | 2024-03-22 | 0.02 - 0.03 | 0.02 | Out |
Put | 2024-03-22 PUT at $60.0 | -0.039 | 0.0447 | 8686 | 2024-03-22 | 0.03 - 0.04 | 0.03 | Out |
Put | 2024-03-22 PUT at $61.0 | -0.0886 | 0.095 | 1032 | 2024-03-22 | 0.06 - 0.08 | 0.07 | Out |
Put | 2024-03-22 PUT at $62.0 | -0.2119 | 0.1856 | 2120 | 2024-03-22 | 0.18 - 0.2 | 0.21 | Out |
Put | 2024-03-22 PUT at $63.0 | -0.4399 | 0.2527 | 653 | 2024-03-22 | 0.5 - 0.52 | 0.52 | Out |
Put | 2024-03-22 PUT at $64.0 | -0.6924 | 0.2323 | 5 | 2024-03-22 | 1.06 - 1.1 | 0.93 | In |
Put | 2024-03-22 PUT at $65.0 | -0.9141 | 0.1231 | 11 | 2024-03-22 | 1.64 - 1.9 | 1.84 | In |
Put | 2024-03-22 PUT at $66.0 | -0.935 | 0.0715 | 14 | 2024-03-22 | 2.74 - 2.94 | 3.45 | In |
Put | 2024-03-22 PUT at $67.0 | -0.8343 | 0.0679 | 0 | 2024-03-22 | 2.95 - 4.1 | 0.0 | In |
Put | 2024-03-22 PUT at $68.0 | -0.7424 | 0.0492 | 0 | 2024-03-22 | 3.75 - 5.75 | 4.75 | In |
Put | 2024-03-22 PUT at $69.0 | -0.7441 | 0.0417 | 0 | 2024-03-22 | 4.55 - 6.9 | 7.0 | In |
Put | 2024-03-22 PUT at $70.0 | -0.7589 | 0.0372 | 0 | 2024-03-22 | 5.15 - 7.9 | 0.0 | In |
Put | 2024-03-22 PUT at $71.0 | -0.7982 | 0.0374 | 0 | 2024-03-22 | 6.55 - 8.65 | 0.0 | In |
Put | 2024-03-22 PUT at $72.0 | -0.9159 | 0.0268 | 0 | 2024-03-22 | 8.2 - 9.8 | 0.0 | In |
Put | 2024-03-22 PUT at $73.0 | -0.8986 | 0.0259 | 0 | 2024-03-22 | 8.75 - 10.1 | 0.0 | In |
Put | 2024-03-22 PUT at $74.0 | -0.9992 | 0.2629 | 0 | 2024-03-22 | 9.95 - 11.65 | 0.0 | In |
Put | 2024-03-22 PUT at $75.0 | -0.9082 | 0.0213 | 0 | 2024-03-22 | 10.6 - 12.1 | 0.0 | In |
Put | 2024-03-22 PUT at $80.0 | -0.9629 | 0.0101 | 0 | 2024-03-22 | 16.35 - 17.45 | 0.0 | In |
Put | 2024-03-22 PUT at $85.0 | -0.9076 | 0.0127 | 0 | 2024-03-22 | 20.95 - 23.65 | 0.0 | In |
Occidental Petroleum Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Occidental Petroleum Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Occidental Total Stockholder Equity
Total Stockholder Equity |
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Occidental Petroleum Investors Sentiment
The influence of Occidental Petroleum's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Occidental. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Occidental Petroleum's public news can be used to forecast risks associated with an investment in Occidental. The trend in average sentiment can be used to explain how an investor holding Occidental can time the market purely based on public headlines and social activities around Occidental Petroleum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Occidental Petroleum's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Occidental Petroleum's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Occidental Petroleum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Occidental Petroleum.
Occidental Petroleum Implied Volatility | 30.05 |
Occidental Petroleum's implied volatility exposes the market's sentiment of Occidental Petroleum stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Occidental Petroleum's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Occidental Petroleum stock will not fluctuate a lot when Occidental Petroleum's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Occidental Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Occidental Petroleum's short interest history, or implied volatility extrapolated from Occidental Petroleum options trading.
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is Occidental Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Occidental Petroleum. If investors know Occidental will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Dividend Share 0.72 | Earnings Share 3.9 | Revenue Per Share 31.778 | Quarterly Revenue Growth (0.13) |
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.