Traders Bet Big on OXY Ahead of Earnings

Traders are betting big on Occidental Petroleum ahead of its earnings report, with call options surging seven times more than puts. A standout move saw a trader drop $175,000 on a call spread, betting the stock hits a fresh one-year high by weeks end. Berkshire Hathaways 27% stake in OXY is fueling the hype, as the stock has rallied after ten of the last twelve earnings reports and is up 42% this year. Eyes are on whether OXY delivers another post-report pop. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/15a2ba1c085ad5e0

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