Ticker Options Intelligence

OXY options intelligence

Occidental Petroleum Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:02 · complete available chain

Call-side pressure

Bullish pressure

OXY currently carries bullish options pressure with a 51/100 conviction score. The nearest-chain expected move is 2.5%, with volume/open-interest participation at 0.03.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 2.5%

Near-term move context

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.20

Call-side skew

Trend fit 24

Options are not fully confirming trend

Weekly backdrop -0.4%

RS 7.3

Expected move 2.5%
Put-call volume 0.20
Volume / OI 0.03
Reference IV 0.60
Max pain 54.00
Underlying 57.30
Nearest expiry 31 Jul 2026
Contracts 992

Research Brief

OXY has a bullish chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 55.90–58.70; The largest call open-interest concentration is 60.00; the largest put concentration is 49.00. The most active strike by current volume is 57.00.

Priced range55.90–58.70
Call concentration60.00
Put concentration49.00
Max pain reference54.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 31 Jul

Options imply 55.90 to 58.70. Max pain at 54.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
55.9057.30 ± 1.4058.70
Confirmation level

A close beyond 58.70 or below 55.90 at the 31 Jul expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 51/100

Evidence alignment, not probability

Pressure is 73/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure73 × 42%
+30.8

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

Volume relative to existing open interest and contract-level activity.

Trend agreement24 × 26%
+6.1

How closely the chain read agrees with the underlying trend backdrop.

Volatility52 × 10%
+5.2

The intensity of implied volatility and the priced move.

Reconstructed score51.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 60.00; the largest put concentration is 49.00. The most active strike by current volume is 57.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2878
48.00-16.2%
36
609
48.50-15.4%
8
2958
49.00-14.5%
215
477
50.00-12.7%
353
130
51.00-11.0%
146
1121
52.00-9.2%
139
838
53.00-7.5%
615
900
54.00-5.8%
527
510
55.00-4.0%
4373
465
56.00-2.3%
8234
166
57.00-0.5%
9860
155
58.001.2%
2726
120
59.003.0%
9143
1
60.004.7%
10843
0
61.006.5%
1443
0
62.008.2%
2282
0
65.0013.4%
333
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.73× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.60 31 Jul 1d
0.52 7 Aug 8d
0.45 14 Aug 15d
0.39 21 Aug 22d
0.39 28 Aug 29d
0.38 4 Sep 36d
0.35 11 Sep 43d
0.37 18 Sep 50d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

46
47
48
49
49
50
51
52
53
54
55
57
58
59
61
62
63
64
65
67
68
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
992 / 992
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Earnings/event positioning

79/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $3.3M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+73
1W price-0.4%
Call premium86%
Put premium14%
Notional split C 86% / P 14% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 24/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 1799 contracts traded, $586432 estimated gross traded notional, and 18% of visible notional.
$586432
Calls · 0-7 days · ITM calls cluster with 899 contracts traded, $390388 estimated gross traded notional, and 12% of visible notional.
$390388
Calls · 46-90 days · ITM calls cluster with 855 contracts traded, $343982 estimated gross traded notional, and 10% of visible notional.
$343982
Calls · 0-7 days · ATM calls cluster with 6957 contracts traded, $277964 estimated gross traded notional, and 8% of visible notional.
$277964
Calls · 8-21 days · ATM calls cluster with 1520 contracts traded, $258788 estimated gross traded notional, and 8% of visible notional.
$258788

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close57.07
1W-0.4%
RS7.3
Fair value+10.7%
Options pressure73
Speculation41
Volatility52
Trend fit24

Today Versus Normal

Stored-options context

View history
Expected move 2.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.60 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.20 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:07 Bullish
Pressure 72
Move 5.4%
30 Jul 10:05 Bullish
Pressure 72
Move 3.0%
31 Jul 10:02 Bullish
Pressure 73
Move 2.5%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 2 · OI 6
Puts · V 0 · OI 1
Strike35.00
Calls · V 2 · OI 3
Puts · V 0 · OI 0
Strike38.00
Calls · V 8 · OI 6
Puts · V 0 · OI 1
Strike39.00
Calls · V 5 · OI 17
Puts · V 0 · OI 0
Strike40.00
Calls · V 10 · OI 17
Puts · V 1 · OI 2
Strike41.00
Calls · V 7 · OI 18
Puts · V 0 · OI 0
Strike42.00
Calls · V 3 · OI 9
Puts · V 0 · OI 0
Strike43.00
Calls · V 7 · OI 12
Puts · V 1 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts80
Avg IV0.60
Put-call0.11
Expiry7 Aug 2026
Contracts78
Avg IV0.52
Put-call0.23
Expiry14 Aug 2026
Contracts78
Avg IV0.45
Put-call0.53
Expiry21 Aug 2026
Contracts102
Avg IV0.39
Put-call0.29
Expiry28 Aug 2026
Contracts64
Avg IV0.39
Put-call0.06

Skew

Call/put IV balance

OTM demand
31 Jul 2026Balanced skew
Call IV0.48
Put IV0.44
Skew-0.04
7 Aug 2026Balanced skew
Call IV0.49
Put IV0.47
Skew-0.02
14 Aug 2026Balanced skew
Call IV0.42
Put IV0.41
Skew-0.01
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.40
Skew-0.01
28 Aug 2026Balanced skew
Call IV0.41
Put IV0.38
Skew-0.03

Contract Tape

Most active contracts

Full contract tape
ContractOXY260731C00057000
SideCall
Expiry31 Jul 2026
Strike57.00
Volume2528
OI9860
IV0.44
ContractOXY260731C00056000
SideCall
Expiry31 Jul 2026
Strike56.00
Volume1771
OI8234
IV0.41
ContractOXY260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume1528
OI11868
IV0.36
ContractOXY260731C00058000
SideCall
Expiry31 Jul 2026
Strike58.00
Volume1392
OI2726
IV0.48
ContractOXY260828C00059000
SideCall
Expiry28 Aug 2026
Strike59.00
Volume808
OI41
IV0.39
ContractOXY260807C00057000
SideCall
Expiry7 Aug 2026
Strike57.00
Volume767
OI1071
IV0.48
ContractOXY260821C00057500
SideCall
Expiry21 Aug 2026
Strike57.50
Volume735
OI4944
IV0.40
ContractOXY260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume627
OI10201
IV0.41