27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on ConocoPhillips.
Looking at options history for ConocoPhillips (NYSE:COP) we detected 19 strange trades.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,117,690 and 9, calls, for a total amount of $352,212.
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 $25.0 to $135.0 for ConocoPhillips over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for ConocoPhillips options trades today is 388.64 with a total volume of 2,951.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ConocoPhillips's big money trades within a strike price range of $25.0 to $135.0 over the last 30 days.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
ConocoPhillips Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| COP | PUT | SWEEP | BULLISH | 01/19/24 | $95.00 | $314.1K | 140 | 191 |
| COP | PUT | SWEEP | BEARISH | 10/28/22 | $100.00 | $162.0K | 62 | 401 |
| COP | PUT | SWEEP | BEARISH | 10/28/22 | $100.00 | $160.9K | 62 | 701 |
| COP | PUT | TRADE | NEUTRAL | 10/28/22 | $100.00 | $160.5K | 62 | 1.0K |
| COP | PUT | TRADE | BEARISH | 09/30/22 | $116.00 | $85.6K | 202 | 51 |
Where Is ConocoPhillips Standing Right Now?
- With a volume of 5,189,076, the price of COP is up 2.65% at $101.38.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 36 days.
What The Experts Say On ConocoPhillips:
- Barclays has decided to maintain their Overweight rating on ConocoPhillips, which currently sits at a price target of $153.
- Piper Sandler has decided to maintain their Overweight rating on ConocoPhillips, which currently sits at a price target of $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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.