This Is What Whales Are Betting On ConocoPhillips

A whale with a lot of money to spend has taken a noticeably bullish stance on ConocoPhillips.

Looking at options history for ConocoPhillips COP we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $445,155 and 10, calls, for a total amount of $506,754.

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 $50.0 to $120.0 for ConocoPhillips over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for ConocoPhillips's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ConocoPhillips's whale activity within a strike price range from $50.0 to $120.0 in the last 30 days.

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 TRADE BULLISH 01/19/24 $105.00 $125.2K 6 26
COP PUT TRADE BULLISH 01/19/24 $105.00 $71.5K 6 114
COP CALL TRADE NEUTRAL 06/17/22 $50.00 $63.8K 0 10
COP CALL TRADE BEARISH 06/17/22 $50.00 $63.6K 0 20
COP CALL TRADE BULLISH 06/17/22 $55.00 $59.1K 0 0

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
COP PUT TRADE BULLISH 01/19/24 $105.00 $125.2K 6 26
COP PUT TRADE BULLISH 01/19/24 $105.00 $71.5K 6 114
COP CALL TRADE NEUTRAL 06/17/22 $50.00 $63.8K 0 10
COP CALL TRADE BEARISH 06/17/22 $50.00 $63.6K 0 20
COP CALL TRADE BULLISH 06/17/22 $55.00 $59.1K 0 0

Where Is ConocoPhillips Standing Right Now?

  • With a volume of 3,971,577, the price of COP is down -0.01% at $111.75.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 49 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 $132.
  • Mizuho has decided to maintain their Buy rating on ConocoPhillips, which currently sits at a price target of $157.
  • Morgan Stanley has decided to maintain their Overweight rating on ConocoPhillips, which currently sits at a price target of $118.
  • Barclays has decided to maintain their Overweight rating on ConocoPhillips, which currently sits at a price target of $142.

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.

Posted In: BZI-UOAOptionsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.