Occidental (OXY) Offering Possible 25.63% Return Over the Next 15 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 25.63% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $75.00 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 35.95 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

Balyasny initiates new position in Occidental Petroleum Corp.
Thu, 04 Dec 2014 21:18:28 GMT

Oil revenue growth slowdown could mean danger for Apache
Thu, 04 Dec 2014 21:01:16 GMT

Occidental Up on California Assets Spin-off, Focus on Permian
Wed, 03 Dec 2014 18:44:55 GMT

Taking Stock: Winners and Losers, Stock of the Day
Mon, 01 Dec 2014 21:35:01 GMT

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 8-K, Entry into a Material Definitive Agreement
Mon, 01 Dec 2014 21:25:51 GMT

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