Occidental (OXY) Offering Possible 24.07% Return Over the Next 22 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $71.00 short put and a strike $66.00 long put offers a potential 24.07% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $71.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $66.00 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 31.59 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

U.S. Oil Drilling To Jump Next Year As OPEC Looks To Scale Back
Wed, 28 Sep 2016 20:37:43 GMT

ETF’s with exposure to Occidental Petroleum Corp. : September 28, 2016
Wed, 28 Sep 2016 13:57:23 GMT

3 Stocks Wall Street Unjustly Hates
Tue, 27 Sep 2016 13:54:39 GMT

Returns of Upstream Stocks with High and Low Implied Volatilities
Tue, 27 Sep 2016 12:06:48 GMT

Occidental Petroleum Corp Position Boosted (OXY)
Fri, 23 Sep 2016 22:53:00 GMT

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