A look at recent ConocoPhillips whale swaps

A whale with lots of money to spend has taken a noticeably bearish stance on Conoco Phillips.

Review of option history for ConocoPhillips COP we have detected 10 strange trades.

Looking at the specifics of each trade, it is correct to say that 30% of investors opened trades with bullish expectations and 70% with bearish expectations.

Of all the transactions identified, 5 are puts, for a total amount of $510,995 and 5 are calls, for a total amount of $261,816.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a $85.0-$99.0 price range for ConocoPhillips over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of ConocoPhillips options for a given strike price. Below, we can observe the development of volume and open interest in calls and puts, respectively, for all ConocoPhillips whale trades within a strike price range of $85.0 to $99.0 in the last 30 days.

ConocoPhillips options volume and open interest in the last 30 days

The biggest options spotted:









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
COP PUT SWEEP BEARISH 01/19/24 $85.00 $342,200 110 251
COP CALL SWEEP BEARISH 02/09/22 $99.00 $99.4,000 6 757
COP CALL SWEEP BEARISH 02/09/22 $99.00 $69,800 6 1.0K
COP PUT SWEEP BEARISH 09/16/22 $85.00 $66,000 683 300
COP PUT TRADE BEARISH 01/19/24 $95.00 $45.9,000 77 25









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
COP PUT SWEEP BEARISH 01/19/24 $85.00 $342,200 110 251
COP CALL SWEEP BEARISH 02/09/22 $99.00 $99.4,000 6 757
COP CALL SWEEP BEARISH 02/09/22 $99.00 $69,800 6 1.0K
COP PUT SWEEP BEARISH 09/16/22 $85.00 $66,000 683 300
COP PUT TRADE BEARISH 01/19/24 $95.00 $45.9,000 77 25

Where is ConocoPhillips right now?

  • With a volume of 3,432,426, COP price is up 0.15% to $95.24.
  • RSI indicators suggest that the underlying stock may be close to overbought.
  • The next results should be published in 2 days.

What the experts say about ConocoPhillips:

  • Morgan Stanley has decided to maintain its overweight rating on ConocoPhillips, which currently sits at a price target of $117.
  • Truist Securities has decided to maintain its buy rating on ConocoPhillips, which currently sits at a price target of $123.
  • Raymond James has decided to maintain its Strong Buy rating on ConocoPhillips, which currently sits at a price target of $135.
  • B of A Securities upgraded its stock to buy with a price target of $134
  • Piper Sandler has decided to maintain her overweight rating on ConocoPhillips, which currently sits at a price target of $123.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trades for ConocoPhillips, Benzinga Pro gives you real-time options trade alerts.

About Mildred B.

Check Also

European stocks open at the close, data, earnings and market movements

European markets were slightly higher on Monday as investors braced for a busy week in …