ConocoPhillips (COP) Offering Possible 19.62% 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 $52.50 short put and a strike $47.50 long put offers a potential 19.62% 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 $52.50 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock dropped below the $47.50 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 77.5 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 Is One of the Few Oil Companies That Hasn’t Given Up on Alaska
Wed, 14 Oct 2015 18:10:00 GMT

Repsol Drilling Delay Adds to Oil Patch Chill in Alaska
Tue, 13 Oct 2015 23:11:39 GMT

Conoco changes bylaws to allow proxy access: filing
Tue, 13 Oct 2015 21:19:47 GMT
Reuters – ConocoPhillips (COP.N), the largest U.S. independent oil and gas company, on Tuesday said its board amended its bylaws to allow minority shareholders to nominate directors. Investors led by New York City Comptroller Scott Stringer had pushed hard for so-called proxy access at 19 oil companies, arguing that shareholders should have the right to nominate climate experts to board seats. The aim of the campaign was to demand more accountability from oil companies on global warming.

More Halliburton layoffs hit southern New Mexico
Tue, 13 Oct 2015 21:05:10 GMT

Conoco changes bylaws to allow proxy access -filing
Tue, 13 Oct 2015 20:30:07 GMT

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