Occidental Offering Possible 8.07% Return Over the Next 17 Calendar Days

Occidental's most recent trend suggests a bearish bias. One trading opportunity on Occidental is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 8.07% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $6.94 would be incurred if the stock rose above the $105.00 long call strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

Chicago Bridge & Iron awarded $1B contract by Ingleside Ethylene
Mon, 02 Dec 2013 12:31:22 GMT
theflyonthewall.com – Chicago Bridge & Iron awarded $1B contract by Ingleside Ethylene

CB&I Announces Contract For U.S. Ethylene Plant
Mon, 02 Dec 2013 12:30:00 GMT
PR Newswire – THE WOODLANDS, Texas, Dec. 2, 2013 /PRNewswire/ — CB&I (NYSE: CBI) announced today it has been awarded a contract valued at approximately $1 billion by Ingleside Ethylene LLC, a joint venture between …

Digging Into the Dow; Buyable Oil Stocks: Jim Cramer's Best Blogs
Sat, 30 Nov 2013 20:02:00 GMT
TheStreet – Catch up on Jim Cramer's thinking over the past week, including companies that are way behind in the market and independent oils.

Why the Permian Basin Will Produce Years of Profits for These 3 Energy Giants
Sat, 23 Nov 2013 15:05:37 GMT
Motley Fool – Occidental Petroleum, Apache, and Devon Energy are ramping up production in one of the most promising energy sources in the United States. Here's why the move will pay off for investors.

OXY December 27th Options Begin Trading
Thu, 21 Nov 2013 15:52:00 GMT
Forbes – Investors in Occidental Petroleum Corp (NYSE: OXY) saw new options begin trading today, for the December 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the OXY options chain for the new December 27th contracts and identified one put and one call contract of particular […]

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