On CNBC's Options Action, Brian Stutland spoke about energy names that could be slashing their dividends.
He explained that the options market is predicting that ConocoPhillips COP, BP plc (ADR) BP and Occidental Petroleum Corporation OXY are going to cut their dividends over the next year or year and a half.
Expected cut for ConocoPhillips is 18 percent of its current dividend, while BP and Occidental Petroleum should decrease their dividends 15 percent and 10 percent respectively.
Stutland explained that along with crude oil price, the dividend cuts could be big a headwind for these stocks.
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