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| Investors interested in trading options should use reliable online brokers with a reputable track record. The industry leaders in online trading are ScotTrade.com, Fidelity.com, Charles Schwab, OptionsXpress.com, TD Ameritrade, ETRADE.com and InteractiveBrokers.com. Our favorite brokers are ScotTrade,TD Ameritrade, Charles Schwab, Fidelity Investments and Interactive Brokers. ScotTrade fees are $7 per trade, Fidelity charges $8 and for active traders we recommend Interactive Brokers where each stock and options trade costs only $1. Traders will find latest stock research and analyst reports available to them at anyone of the online brokerages listed above. Additional options reasearch can be obtained from Morningstar.com, Morningstar contains all the latest options news and information that every investor needs to know. |
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Trading Update for Occidental Petroleum (OXY)
Posted on 03/10/2010
 OXY options saw interesting call activity today. A total of 2,278 put and 14,245 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.16. There were 6.25 calls traded for each put contract.
A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock.
In such instances, Put/Call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall
investor sentiment is bearish and a low Put/Call ratio implies that the overall sentiment is bullish.
Shares of Occidental Petroleum edged up $0.53 (+0.65%) to $82.02.
The stock closed at $81.49 in the previous trading session and opened today at $81.34.
The price of the stock ranged between a low of $80.99 and $82.23 respectively.
The stock price rose $0.53 (+0.65%) to $82.02 in today's trading session.
The trading volume of 3,797,556 is below the 90 day average volume of 5,382,470 shares.
OXY is trading above the 50 day moving average.
The stock's 52 week low is $51.52 and 52 week high is $85.20. The stock has a P/E ratio of 22.75 and a dividend yield of 1.62%.
by Sasha Gelf
Options Analytics Group
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