ConocoPhillips (COP) Offering Possible 12.87% Return Over the Next 13 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 12.87% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock rose above the $65.00 long call 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 down which suggests that the medium-term momentum for ConocoPhillips is bearish.

The RSI indicator is at 23.53 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

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Is ConocoPhillips Company (NYSE:COP) A Good Fit For Your Dividend Portfolio?
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Could ConocoPhillips Company (NYSE:COP) be an attractive dividend share to own for the long haul? Investors are often…

Edited Transcript of COP earnings conference call or presentation 4-Feb-20 5:00pm GMT
Wed, 05 Feb 2020 05:49:41 +0000
Q4 2019 ConocoPhillips Earnings Call

CEO: ConocoPhillips eyes further divestment in early 2020
Wed, 05 Feb 2020 01:12:14 +0000
Houston-based ConocoPhillips disposed of $3 billion of its assets in 2019, and it’s got more to come in the first part of 2020, according to the company’s top executive. The oil giant managed to produce $3 billion in disposition proceeds during 2019, ConocoPhillips CEO Ryan Lance said on the company’s year-end earnings conference call with investors.

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