Occidental Petroleum $OXY: Unusual Call Option Activity…

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Commodity Trading Research
Occidental Petroleum OXY Unusual Call Option
Activity
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• Hi, My name is Justin and Im with Commodity
  Trading Research, today were reviewing our
  recently published article

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• Occidental Petroleum OXY Unusual Call Option
  Activity

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• As I mentioned a few days ago, tomorrows OPEC
  meeting has big consequences for the oil market.
  If smaller OPEC members convince Saudi Arabia to
  cut production, we could see a sudden upturn in
  oil prices.

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• On the other hand if the Saudis stick to their
  guns, an abrupt downturn into the mid-30 a
  barrel range becomes quite possible.

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• Which is the most likely scenario?
• As I mentioned on Tuesday, the de-facto leader of
  the Middle Eastern oil cartel, Saudi Arabia, will
  likely hold production steady in an effort to
  retain market share.

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• But someone with a big bank rollmight see it
  differently

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• On Tuesday a well-heeled trader bought 14,000
  Occidental Petroleum OXY 76.50 calls expiring
  on December 18th, 2015. With the trader paying
  1.00 a contract to open the position hes making
  a 1.4 million bet!

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• Keep in mind, 58 billion market cap OXY is the
  second largest independent oil and gas producer
  in the world behind ConocoPhillips COP.

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• I dont know about you, but to me it looks like
  someone is betting Saudi Arabia is about to fold
  under the pressure of low oil prices!

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• Lets be clear

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• If OXY closes below 76.50 on December 18th,
  2015, our esteemed trader will instantly lose
  1.4 million.

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• But with the results of the closely watched OPEC
  meeting hitting the wires late tomorrow, well
  very likely know how this trade pans out by the
  middle of next week.

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• Heres something else I find interesting

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• As you can see, OXY is trading at a very
  important technical downtrend (red line) from the
  early 2015 highs. Should OPEC surprise the market
  tomorrow, a break above 77.50 resistance will
  bring in a slew of new buyers.

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• On the other hand, if bulls retreat from the
  77.50 area on an uneventful OPEC meeting,a quick
  downturn towards 70 will likely play out.

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• One thing is for certain

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• Im keeping a close eye on OXY and many other
  oil producers tomorrow and early next week. A
  surprise production cut from OPEC will get me
  instantly bullish on much of the oil exploration
  industry.

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• Keep in mind, oil industry ETFs are a quick and
  efficient means of diversifying in the oil
  industry.

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