Selling short Occidental Petroleum (OXY) puts has worked for the last 2 months, as seen in my last 2 Barchart OXY articles. This is even though oil and OXY stock have been volatile, but mostly flat. It makes sense to play this again in the next month.
OXY closed at $56.93 on Friday, June 5, down from its recent highs, even as oil prices have been trending higher. The Barchart chart below shows that OXY has been mostly flat over the past three months.
