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Short-term traders are looking for shares of ConocoPhillips to gain through the end of next week.
More than 5,700 Weekly 50 calls expiring on Oct. 9 were purchased mostly for $0.30 to $0.51 this morning, according to optionMONSTER's Heat Seeker tracking program. This represents fresh buying, as open interest in the strike was just 871 contracts. EPS expected late this month.
These long calls lock in the price where the stock can be purchased, gaining with a rally and providing leverage to the underlying shares. But the contracts will quickly lose value if the stock stalls or pulls back by expiration a week from today. (See our Education section)
COP is up 2.53 percent to $49.38 in midday trading but is still down some 30 percent on the year. The oil and gas producer has beaten earnings estimates but fallen short on revenue expectations consistently for the last several quarters. Its next results are expected to come out later this month, well after today's calls expire.
Overall option volume in the name tops 16,000 today, well above its full-session average for the last month. Total calls are eclipsing puts by more than 2 to 1.
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
ConocoPhillips est une société de production minière basée aux Etats-Unis D'Amerique. ConocoPhillips est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 153,3 milliards US$ (143,3 milliards €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 1991 à 10,94 US$, et son plus haut niveau récent le 26 avril 2024 à 130,24 US$. ConocoPhillips possède 1 177 107 000 actions en circulation. |