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Bulls are piling into this Warren Buffett favorite ahead of earnings
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- The surge in crude prices is igniting traders' appetite for one of the energy sector's most notable leaders.
- Among the 10 biggest trades by dollar amount, nine were buying upside exposure via calls or call spreads.
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The surge in crude prices is igniting traders' appetite for one of the energy sector's most notable leaders.
Traders piled into bullish options trades on Occidental Petroleum (OXY) ahead of its earnings report on Tuesday, with call volumes outpacing puts 7-to-1, and three times as many calls bought in Monday's session versus sold.
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