ConocoPhillips (COP) Offering Possible 34.05% Return Over the Next 24 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $45.50 short put and a strike $40.50 long put offers a potential 34.05% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.50 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock dropped below the $40.50 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 76.52 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for ConocoPhillips

If BP Cuts Dividend, Will Exxon And Chevron Be Next?
Mon, 25 Apr 2016 19:15:16 GMT

Energy earnings on deck
Mon, 25 Apr 2016 16:39:00 GMT

How Has ConocoPhillips’ Stock Performed in 1Q16?
Sun, 24 Apr 2016 14:07:18 GMT

What Are Wall Street Analyst Ratings for ConocoPhillips?
Sun, 24 Apr 2016 14:07:15 GMT

Week Ahead: Fed Meeting Takes Focus in Final Week of April
Sun, 24 Apr 2016 13:45:00 GMT

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