ConocoPhillips (COP) Offering Possible 51.52% Return Over the Next 15 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $69.00 short put and a strike $62.50 long put offers a potential 51.52% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $69.00 by expiration. The full premium credit of $2.21 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $62.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is at 35.23 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

What to Watch When EOG Resources Inc. Reports Q3 Results
Tue, 30 Oct 2018 23:15:00 +0000
The shale driller expects to report on Thursday evening.

Oil & Gas Stock Roundup: TOTAL, ConocoPhillips & Valero's Q3
Tue, 30 Oct 2018 20:38:08 +0000
Energy biggies TOTAL S.A. (TOT), ConocoPhillips (COP) and Valero Energy (VLO) reported third-quarter earnings that came above the Zacks Consensus Estimate.

Rising U.S. crude output sparks race to build export terminals
Tue, 30 Oct 2018 16:42:30 +0000
NEW YORK/HOUSTON, Oct 30 (Reuters) – A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields. On Monday, private equity firm Carlyle Group became the latest to place a bet, proposing with the Port of Corpus Christi what it said would be the first onshore U.S. export facility able to load the world's largest crude tankers. The contest comes as the shale revolution is expected to send the nation's oil production to 11.8 million barrels per day by the end of 2019, from 9.35 million bpd in 2017, according to the U.S. Energy Information Administration.

3 Beaten-Down Crude Oil Stocks to Buy
Tue, 30 Oct 2018 16:21:35 +0000
Thanks to a slowing global economy, many oil stocks are feeling the brunt of collapsing crude oil prices. With that, West Texas Intermediate benchmarked crude oil has slumped more than 8.5% this month, while international standard Brent has dropped about 6.3% — both are the worst monthly declines since 2016 and awfully close to where we started the year. Natural, many oil stocks have sunk hard as well — with the Energy Select Sector SPDR (NYSEARCA:XLE) down about 14% since the start of October.

ConocoPhillips (COP) Dips More Than Broader Markets: What You Should Know
Mon, 29 Oct 2018 23:25:11 +0000
ConocoPhillips (COP) closed at $67.35 in the latest trading session, marking a -1.65% move from the prior day.

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