ConocoPhillips (COP) Offering Possible 10.86% Return Over the Next 11 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 10.86% return on risk over the next 11 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 $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $44.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ConocoPhillips is bearish and the probability of a decline 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 68.25 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

After the attack on Syria, oil’s missing risk premium is coming back
Fri, 07 Apr 2017 16:02:49 +0000
The real risk in the Middle East is Iran, says Kirk Spano.

ConocoPhillips’s Operating Netbacks
Fri, 07 Apr 2017 14:35:43 +0000
In 4Q16, ConocoPhillips’s (COP) reported operating netback was ~$22.36 per boe, which is ~24% lower than its operating netback in 4Q15.

ConocoPhillips’s Production Costs and Margins for 4Q16
Fri, 07 Apr 2017 13:05:43 +0000
Excluding hedges, ConocoPhillips (COP) reported a positive cash margin as well as a positive total margin in 4Q16.

Chart in Focus: ConocoPhillips’s Lifting Costs
Fri, 07 Apr 2017 11:35:48 +0000
In 4Q16, ConocoPhillips’s (COP) reported a lifting cost of ~$10.57 per boe (barrel of oil equivalent), which is ~15% lower when compared with 4Q15.

S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Thu, 06 Apr 2017 21:15:00 +0000
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices

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