Deep-pocketed investors have adopted a bullish approach towards ConocoPhillips COP, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for ConocoPhillips. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $255,276, and 5 are calls, amounting to $266,540.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $100.0 for ConocoPhillips during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ConocoPhillips's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ConocoPhillips's significant trades, within a strike price range of $75.0 to $100.0, over the past month.
ConocoPhillips Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COP | PUT | SWEEP | BULLISH | 01/17/25 | $5.3 | $5.15 | $5.19 | $100.00 | $103.8K | 9.5K | 209 |
| COP | CALL | SWEEP | BULLISH | 01/17/25 | $1.85 | $1.78 | $1.85 | $100.00 | $92.5K | 669 | 712 |
| COP | PUT | SWEEP | BULLISH | 12/20/24 | $3.95 | $3.75 | $3.75 | $100.00 | $72.0K | 2.3K | 64 |
| COP | CALL | TRADE | BEARISH | 06/20/25 | $11.45 | $11.25 | $11.25 | $90.00 | $56.2K | 3.5K | 100 |
| COP | CALL | SWEEP | BEARISH | 06/20/25 | $11.3 | $10.95 | $11.2 | $90.00 | $55.9K | 3.5K | 50 |
About ConocoPhillips
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
Where Is ConocoPhillips Standing Right Now?
- With a trading volume of 5,224,494, the price of COP is down by -0.52%, reaching $95.35.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 49 days from now.
What The Experts Say On ConocoPhillips
5 market experts have recently issued ratings for this stock, with a consensus target price of $134.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Piper Sandler persists with their Overweight rating on ConocoPhillips, maintaining a target price of $114. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ConocoPhillips with a target price of $134. * An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $123. * An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $165. * An analyst from Mizuho has elevated its stance to Outperform, setting a new price target at $134.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ConocoPhillips, Benzinga Pro gives you real-time options trades alerts.
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