Occidental (OXY) Offering Possible 6.38% Return Over the Next 16 Calendar Days

Occidental's most recent trend suggests a bullish bias. One trading opportunity on Occidental is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 6.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $92.50 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 at 70.82 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

Occidental to spin off California Resources Corp. by end of 2014
Fri, 06 Jun 2014 00:38:00 GMT

OCCIDENTAL PETROLEUM CORP /DE/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Thu, 05 Jun 2014 21:27:38 GMT

Occidental Petroleum files Form 10 related to spin-off of California business
Thu, 05 Jun 2014 19:08:54 GMT

3:08 pm Occidental Petro announces Form 10 filing related to spin-off of its California business
Thu, 05 Jun 2014 19:08:00 GMT

Occidental Petroleum Announces Form 10 Filing Related to Spin-Off of its California Business
Thu, 05 Jun 2014 19:07:00 GMT
Business Wire – Occidental Petroleum Corporation today announced that its subsidiary, California Resources Corporation , has filed a Registration Statement on Form 10 with the U.S.

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