| How bulls are playing ConocoPhillips | |
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Traders are looking for ConocoPhillips to rally in the next month.
optionMONSTER's Heat Seeker monitoring program shows that 10,800 January 50 calls were purchased for $0.36 to $0.48 today, including a single print of 9,519 purchased $0.45. Volume surpassed open interest of 6,032 contracts, an indication new money was put to work.
Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction.(See our Coaching section)
COP is up 2.08 percent to $46.04 in morning trading but is down 16 percent in the last month. The oil and natural-gas company is expected to announce quarterly results on Jan. 28.
Total calls are outpacing puts by a bullish 4-to-1 ratio so far today.
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 153.2 billions as of today (€ 143.1 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 25, 2024 at US$ 130.11. ConocoPhillips has 1 177 107 000 shares outstanding. |