Occidental Petroleum is a big company that finds and produces oil and gas in different parts of the world. People can buy or sell parts of this company through something called options. Options are like bets on how much the company's value will change. Sometimes, many people make these bets at the same time, which makes it interesting to see what they think will happen. This article looks at the big bets made by people who know a lot about the company and tries to understand why they did that. Read from source...

- The title is misleading and does not accurately reflect the content of the article. It implies that there is some unusual or abnormal activity in Occidental Petroleum's options market, but the article does not provide any evidence or explanation for such a claim. Instead, it merely reports on the volume and interest of various whale trades within a given strike price range, which is normal and expected for a large company like Occidental Petroleum.
- The introduction is vague and confusing. It mentions that the article will track the liquidity and interest for Occidental Petroleum's options, but then it does not follow through with any analysis or insights on how these factors affect the stock price, the option value, or the market sentiment. Instead, it jumps straight to the snapshot of the biggest options spotted, without providing any context or background information on why they are relevant or important.
- The summary paragraph is incomplete and abrupt. It ends with a sentence that says "Following our analysis", but there is no indication of what kind of analysis was conducted, how it was done, or what were the results or conclusions. It also does not mention any sources or references for the data used in the article, which raises questions about its accuracy and reliability.

1. Buy OXY stock at around $70 per share as it offers a good balance between value and growth potential. The company has a strong presence in the oil and gas industry, with significant reserves and production capabilities. Additionally, Occidental Petroleum is undergoing a strategic transformation to become a net-zero emissions energy company by 2040, which could enhance its long-term prospects and appeal to environmentally conscious investors. The current options activity suggests that there is an appetite for both bullish and bearish bets on the stock, indicating healthy market liquidity and potential for price swings.

2. Sell OXY January 2024 $65 put options at around $3.50 per contract as it offers a attractive risk-reward profile. The put options provide downside protection in case the stock falls below $65 per share, while also offering significant upside potential if the stock rallies above the strike price. Additionally, the high open interest and volume in the $65 strike price suggests that there is strong demand for this trade, which could boost the probability of success and reduce the cost of carrying the position.

3. Buy OXY January 2024 $80 call options at around $4 per contract as it offers a leveraged bet on the upside potential of the stock. The call options give the holder the right to purchase shares of Occidental Petroleum at a strike price of $80 per share, which is significantly below the current market price of around $72 per share. This creates a wide margin of safety and allows for significant leverage to any upside in the stock price. The high open interest and volume in the $80 strike price suggests that there is strong demand for this trade as well, which could further increase the probability of success and reduce the cost of carrying the position.

4. Consider implementing a collar strategy by selling OXY January 2024 $75 call options at around $3 per contract and purchasing OXY January 2024 $55 put options at around $1.50 per contract. This strategy involves selling calls to generate income, while also buying puts to protect the downside. The net credit received from this trade is approximately $1.50 per share, which can be used to offset the cost of carrying the position or to increase the potential return on investment. The collar strategy offers a balance between risk and reward, as well as limited exposure to any large price movements in either direction.