Looking At California Resources's Recent Unusual Options Activity - California Resources (NYSE:CRC)

Core Insights - Investors are showing a bullish sentiment towards California Resources (NYSE: CRC), with significant options trading activity indicating potential upcoming developments [1][2] - The overall sentiment among large traders is predominantly bullish, with 75% of trades being calls and only 12% being puts [2] - Analysts have set a target price range for California Resources between $66 and $70, reflecting positive expectations for the stock [12][13] Options Trading Activity - A total of 8 options trades were detected for California Resources, with a total call volume of $1,337,373 compared to a put volume of $61,025 [2] - The projected price targets based on options trading suggest a focus on a price range from $27.5 to $62.5 over the last three months [3] - The mean open interest for options trades today is reported at 0.0, with a total volume of 2,510 [4] Company Overview - California Resources Corp is an independent oil and natural gas exploration and production company operating exclusively in California, emphasizing affordable and reliable energy [11] - The company is noted for having one of the lowest carbon intensity productions in the U.S. and is focused on decarbonization through carbon capture and storage (CCS) projects [11] - Current trading volume for CRC is 294,714, with a price of $53.03, reflecting a decrease of 0.62% [15]