OXY Earnings Play: Using Puts to Get Paid While You Wait

Selling put options before a company's earnings announcement can be a valid strategy for options traders seeking to capitalize on higher than normal volatility. One of the primary reasons traders may consider selling a Occidental Petroleum (OXY) put option before their earnings announcement on next week is the elevated implied volatility. Earnings reports can trigger significant price movements, and this volatility results in an increase in option premiums. By selling the put option before the announcemen ...