Berkshire Hathaway Now Own 23.1% of Occidental Petroleum's (OXY) Outstanding Shares

Berkshire Hathaway bought 7.9M shares of Occidental Petroleum (OXY) in separate transactions on Monday, Tuesday, and Wednesday. Alex Coffey and Jenny Horne discuss OXY. Berkshire Hathaway now owns 208M shares of OXY and controls 23.1% of OXY's outstanding shares. They talk about how this is giving OXY a nice lift today, March 16th. Alex then demonstrates an example trade using OXY. The trade type is a sell a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.