Whales with a lot of money to spend have taken a noticeably bullish stance ConocoPhillips.
Looking at the options history for ConocoPhillips (NYSE:COP), we detected 18 trades.
If we consider the specifics of each trade, it is correct to say that 50% of investors opened trades with bullish expectations and 33% with bearish ones.
Of the total spotted trades, there are 11 puts, for a total of $552,373, and 7 calls, for a total of $329,849.
What is the price target?
Analyzing the volume and open interest in these contracts, it appears that the major players have been eyeing a price window of $90.0 to $140.0 for ConocoPhillips over the past quarter.
Insight into volume and open interest
Looking at volume and open interest is an insightful way to perform due diligence on a stock.
This data allows you to track the liquidity and interest rate for ConocoPhillips options at a given strike price.
Below we can see the evolution of the volume and open interest of calls and puts respectively for all of ConocoPhillips’ whale activities within a strike price range of $90.0 to $140.0 over the last 30 days.
ConocoPhillips options volume and open interest over the past 30 days
Significant option trades detected:
| Symbol | BUY/BELL | Trade type | Sentiment | Execution Date | To ask | Bid | Price | Exercise price | Total trading price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COP | PHONE CALL | SWEEP | BEARISH | 18/06/26 | $5.65 | $5.55 | $5.62 | $105.00 | $104.8K | 2.9K | 190 |
| COP | PUT DOWN | SWEEP | BULLISH | 15/01/27 | $10.4 | $10.25 | $10.4 | $97.50 | $79.0K | 185 | 77 |
| COP | PHONE CALL | TRADE | BEARISH | 20/02/26 | $2.13 | $1.71 | $1.71 | $105.00 | $76.9K | 10.6K | 494 |
| COP | PUT DOWN | TRADE | BULLISH | 13/02/26 | $7.25 | $6.6 | $6.6 | $104.00 | $66.0K | 153 | 581 |
| COP | PUT DOWN | SWEEP | BULLISH | 13/02/26 | $7.15 | $6.35 | $6.4 | $104.00 | $65.4K | 153 | 390 |
About ConocoPhillips
ConocoPhillips is a US-based independent exploration and production company. Operations are primarily located in Alaska and the Lower 48, with footprints in Canada, Europe, Asia Pacific, the Middle East and Africa. It also has substantial integrated LNG production and marketing operations across several geographies.
After examining ConocoPhillips’ options trading patterns, our attention now turns directly to the company. This shift allows us to delve deeper into the current market position and performance
Where is ConocoPhillips now?
- With a volume of 3,807,218, the price of COP is down 0.71% to $99.63.
- RSI indicators indicate that the underlying stocks may be overbought.
- The next earnings are expected to be released within 21 days.
Professional analyst ratings for ConocoPhillips
A total of four professional analysts have weighed in on this stock in the last 30 days, setting an average price target of $109.25.
- A Wells Fargo analyst has upgraded his rating to Overweight and set a new price target at $132.
- A JP Morgan analyst has decided to maintain ConocoPhillips’ Overweight rating, which currently stands at a $98 price target.
- A Piper Sandler analyst maintains his Overweight rating on ConocoPhillips and maintains a $109 price target.
- Consistent in their evaluation, a Bernstein analyst maintains an Outperform rating for ConocoPhillips with a $98 price target.
Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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