Looking At ConocoPhillips's Recent Unusual Options Activity
Whales with a lot of money to spend have taken a noticeably bullish stance on ConocoPhillips.
Looking at options history for ConocoPhillips (NYSE:COP) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $270,252 and 10, calls, for a total amount of $726,306.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $110.0 for ConocoPhillips over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of ConocoPhillips stands at 4018.64, with a total volume reaching 1,208.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ConocoPhillips, situated within the strike price corridor from $55.0 to $110.0, throughout the last 30 days.
ConocoPhillips Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COP | CALL | TRADE | BULLISH | 03/20/26 | $3.2 | $2.94 | $3.15 | $110.00 | $393.7K | 10.6K | 102 |
| COP | PUT | TRADE | BULLISH | 04/17/26 | $5.1 | $4.95 | $4.95 | $105.00 | $128.7K | 321 | 260 |
| COP | PUT | TRADE | BULLISH | 05/15/26 | $5.95 | $5.8 | $5.85 | $105.00 | $111.1K | 326 | 264 |
| COP | CALL | SWEEP | BULLISH | 08/21/26 | $8.2 | $7.55 | $8.2 | $110.00 | $64.7K | 59 | 36 |
| COP | CALL | SWEEP | BULLISH | 12/15/28 | $29.25 | $27.4 | $29.25 | $90.00 | $43.8K | 107 | 16 |
About ConocoPhillips
ConocoPhillips is a US-based independent exploration and production firm. Its operations are primarily in Alaska and the Lower 48, with footprints in Canada, Europe, Asia-Pacific, the Middle East, and Africa. It also has substantial integrated LNG production and marketing activities across geographies.
Where Is ConocoPhillips Standing Right Now?
- With a trading volume of 2,439,557, the price of COP is up by 2.06%, reaching $107.08.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 1 days from now.
What Analysts Are Saying About ConocoPhillips
In the last month, 5 experts released ratings on this stock with an average target price of $111.0.
- An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $132.
- An analyst from Susquehanna persists with their Positive rating on ConocoPhillips, maintaining a target price of $115.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for ConocoPhillips, targeting a price of $98.
- In a cautious move, an analyst from B of A Securities downgraded its rating to Underperform, setting a price target of $102.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on ConocoPhillips with a target price of $108.
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.
