ConocoPhillips (COP) Offering Possible 16.28% Return Over the Next 36 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 16.28% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $44.00 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 70.48 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: 2016 Sales Done, Buybacks Begin
Wed, 14 Dec 2016 15:53:00 GMT

ConocoPhillips' Best Moves in 2016
Wed, 14 Dec 2016 15:00:07 GMT

8:35 am ConocoPhillips reaffirms 2016 production guidance at 1,560-1,570 MBOED; co sees 2017 production excluding Libya, is expected to range from flat to 2% growth compared with 2016 when adjusted for the full-year impact of the 2016 dispo
Wed, 14 Dec 2016 13:35:00 GMT

ConocoPhillips Provides 2016 Asset Disposition Program Update, Continues Debt Repayment and Initiates Share Repurchase Program
Wed, 14 Dec 2016 13:30:00 GMT
Business Wire – ConocoPhillips today announced it has completed its planned 2016 asset dispositions. The proceeds from these dispositions are being used for debt reduction, share repurchases and general corporate purposes.

Dow, S&P 500 and Nasdaq Score New Closing Records on Tech, Energy Rally
Tue, 13 Dec 2016 21:04:00 GMT

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