Occidental Offering Possible 5.04% Return Over the Next 9 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 5.04% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Occidental is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Occidental is bullish.

The RSI indicator is at 72.74 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Occidental

4:01 pm Occidental Petro increases quarterly dividend to $0.72 per share from $0.64 per share; authorizes the repurchase of an additional 30 mln shares of the co's common stock
Thu, 13 Feb 2014 22:55:26 GMT

Occidental raises buyback, sells some U.S. natgas assets
Thu, 13 Feb 2014 22:12:15 GMT

Brazil and Argentina Government Interventions Cripple South American Oil & Gas Industry for Investors: A Wall Street Transcript Interview with Vinicius Canheu, CFA, Director of Latin America Equity Research at Credit Suisse Group
Thu, 13 Feb 2014 21:57:00 GMT

Occidental Petroleum Increases its Dividend and Share Repurchase Authorization
Thu, 13 Feb 2014 21:46:11 GMT
noodls – Annual dividend increased to $2.88 per share from $2.56 per share Share repurchase authorization increased by an additional 30 million shares LOS ANGELES–(BUSINESS WIRE)–Occidental Petroleum Corporation …

Occidental Petroleum Announces Sale of Hugoton Field Assets As Part of Company’s Strategic Review
Thu, 13 Feb 2014 21:46:09 GMT
noodls – LOS ANGELES–(BUSINESS WIRE)–Occidental Petroleum Corporation (NYSE:OXY) today announced that it has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax …

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