OXYOccidental Petroleum Corporation
OXY Options Overview
bullish flow with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
OXY Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 55.3% — elevated vs history
IV/HV 1.62x — IV premium over HV
Sector percentile 48% — below sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 33.8% — normal range
Effective IV 49.5% (ATM 33.8% + spread 7.9% + bias) — excellent value
Total drag 12.81% (spread 7.86% + slippage 4.95%) — high friction
Vega efficiency 4.19 (vega 3.292 / spread 7.86%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +14% (bullish) — Raw: +11%
|OI skew| 31.5% — call-heavy
Vol skew +73.3%, OI skew +31.5% — aligned
0-DTE 24%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -22%, ATM: +8%, OTM: +14% — bearish (ITM/ATM divergent)
Sector P/C percentile 9% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 6.3% — normal turnover
1 day(s) elevated — may be one-day event
OI change -1.8% (5d) — stable
Sector activity percentile 73% — active vs sector
Large trade volume 42% — institutional presence
Aggressive execution 48% — patient
Conviction +14 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 7.9% — wide
OI 782,882 — deep
Volume 49,463/day — active
$0.39 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 50% — neutral vs sector
Depth 308.79999999999995 contracts (bid:143.2 ask:165.6) — adequate
Avg slippage 4.95% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -3.6% — flat/unclear
IV percentile 55% — neutral
IV kink -1.2pts — no clear event
θ/ν ratio 46.30 — favors income trades
5 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +14% @ 57% consistency — unclear
Score 72 (ITM 20% + inst 42%) — HIGH institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.