Occidental Petroleum (OXY) and Broadcom (AVGO) experienced remarkably high options trading volume, signaling significant investor interest in specific long-dated positions. OXY's options volume of 88,989 contracts represented 87.7% of its average daily stock volume, with particular focus on the September 2025 $40 strike put. Similarly, AVGO saw 92,860 options contracts trade, equating to 54.4% of its average daily stock volume, driven by heavy activity in the August 2025 $315 strike call. This concentrated activity suggests notable speculative or hedging plays around these price points and timeframes.
Occidental Petroleum (OXY) and Broadcom (AVGO) have both registered significant and highly concentrated options market activity, signaling strategic positioning by investors. For OXY, options volume reached 88,989 contracts, a notable 87.7% of its average daily share volume. The activity was heavily skewed towards a single contract: the September 2025 $40 strike put, which accounted for 28,008 contracts. This large, long-dated bearish position could indicate either a significant speculative bet on a price decline below $40 over the next year or a substantial hedging operation by a large shareholder against downside risk. For Broadcom, options volume was 92,860 contracts, or 54.4% of its average daily share volume, with a notable concentration of 9,396 contracts in the August 2025 $315 strike call. This substantial, long-dated bullish activity suggests strong conviction in the company's long-term upside potential. In both cases, the long expiration dates and high concentration point towards institutional-level strategic plays rather than short-term retail speculation.
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