Occidental (OXY) Offering Possible 25.28% Return Over the Next 23 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $103.00 short put and a strike $97.50 long put offers a potential 25.28% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $97.50 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 above 80 which suggests that the stock is in overbought 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

Must-know: Why US rigs lost the most in 11 months
Wed, 27 Aug 2014 20:07:08 GMT

Occidental to Divest Partial Stake in Shah Gas Project
Mon, 25 Aug 2014 20:55:18 GMT

Occidental Talks to Mubadala Over $3 Billion Gas Stake, PIW Says
Sun, 24 Aug 2014 14:02:36 GMT

Occidental, Ashland Remain Undervalued Says Visium Manager
Wed, 20 Aug 2014 12:12:30 GMT

Must-know: Why the US total rig count added 5 last week
Mon, 18 Aug 2014 19:32:07 GMT

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