Our Hot Money monitor just spotted a 300% increase in call options contracts purchased in Occidental Petroleum Corporation (OXY), betting shares will soar.

Here's what I'm doing…

Buy-to-open the OXY July 16, 2021, $32/$35 call spread

At last glance, this is trading at $0.42 per spread.

Let’s manage our risk before entry and I’ll keep you updated every step of the way.