Some big investors think that a company called Occidental Petroleum will do well in the future, so they bought options to buy or sell its stock at a certain price. This tells us that they are hopeful about the company. The company is about getting oil and gas from the ground and selling it. Its stock price has gone down a bit, but some experts think it might be a good time to buy it because it might go up again soon. Read from source...
- He questioned the credibility of the source, the lack of transparency and fact-checking.
- He pointed out the contradiction between the title and the content, as well as the unclear information about the options market and the options trades.
- He argued that the options market is not a reliable indicator of the stock's future performance, as it reflects the expectations of professional traders, not the underlying fundamentals of the company.
- He also suggested that the analysis of options history is not sufficient to determine the sentiment of the market, as it does not account for the diversity of traders and their strategies.
- He expressed his skepticism about the projected price targets, as they are based on arbitrary strike prices and not on any rational calculation.
- He challenged the validity of the insights into volume and open interest, as they are not relevant to the current performance of the stock.
- He criticized the lack of current information about the company's performance, such as earnings, dividends, guidance, etc.
- He concluded that the article is not informative, useful, or actionable for investors, and that it should be avoided or ignored.