ConocoPhillips (COP) Offering Possible 7.07% Return Over the Next 39 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 7.07% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $70.00 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 79.84 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

CONOCOPHILLIPS Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to a Vote of Secu
Wed, 14 May 2014 12:02:23 GMT

ConocoPhillips Is Better Than Its Major Peers
Wed, 14 May 2014 01:30:06 GMT

ConocoPhillips Announces Quarterly Dividend
Tue, 13 May 2014 19:04:00 GMT
Business Wire – ConocoPhillips today announced a quarterly dividend of 69 cents per share, payable June 2, 2014, to stockholders of record at the close of business on May 23, 2014.

ConocoPhillips Skips Russia Summit on State Department Advice
Tue, 13 May 2014 15:59:40 GMT

Conoco to soon argue damages in Venezuela dispute – CEO
Tue, 13 May 2014 15:49:13 GMT

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