Occidental Petroleum (OXY) and Exxon Mobil (XOM) experienced significantly elevated options trading volume today, with OXY's options activity representing 82.8% of its average daily share volume and XOM's at 57.4%. This surge was notably concentrated in OXY's September 2025 $47.50 call options (6,340 contracts) and XOM's January 2026 $125 call options (20,396 contracts), indicating heightened investor interest and potential directional positioning in these major energy sector names.
Occidental Petroleum (OXY) and Exxon Mobil (XOM) are exhibiting unusual options market activity, indicating significant investor positioning. OXY's options volume of 63,627 contracts represents a notable 82.8% of its average daily share volume, while XOM's 82,426 contracts account for 57.4% of its average daily turnover. This activity is highly concentrated in specific long-dated call options, suggesting a targeted, bullish outlook. For Occidental, a significant position was established in the September 2025 $47.50 strike calls, with 6,340 contracts traded. For Exxon, an even larger concentration was seen in the January 2026 $125 strike calls, with 20,396 contracts changing hands. This pattern of high-volume, long-dated call buying points to strategic bets on substantial price appreciation for both energy majors over the next 18-24 months, rather than short-term speculative trading.
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