ConocoPhillips (COP) Offering Possible 23.15% Return Over the Next 14 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 23.15% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $72.50 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 76.22 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

Corrections & Amplifications
Thu, 04 Oct 2018 00:09:18 +0000
Corrections &Amplifications Tesla Inc. delivered 55,840 Model 3 sedans in the third quarter. In some editions Wednesday, a Business & Finance article about Tesla’s vehicle production and deliveries incorrectly said 55,849.

Venezuela’s Oil Exports Are Falling Even Faster Than Expected
Wed, 03 Oct 2018 21:00:00 +0000
A delay in repairs at Venezuela’s main export harbor has led to an even faster decline in oil exports and has put a strain on relations between Rosneft and PDVSA

Why Chevron Could Jump 20%: Goldman
Wed, 03 Oct 2018 16:17:00 +0000
Shares of Chevron Corp. ( CVX) are set to outperform the broader market following a period of underperformance, according to one team of bulls who views the oil and gas stock's recent weakness as a “compelling entry point” for investors. In a note to clients on Monday, Goldman Sachs added Chevron to its Americas Conviction Buy List. With trading up 0.2% at $125.47, Chevron stock reflects a modest 0.2% return year-to-date (YTD), compared to the S&P 500's 9.7% return and the Energy Select Sector SPDR ETF's ( XLE) 7.3% gain over the same period.

ConocoPhillips (COP) to Divest Sunrise Stake to Timor-Leste
Wed, 03 Oct 2018 13:59:01 +0000
ConocoPhillips (COP) agrees to divest 30% stake in the offshore gas Greater Sunrise fields to the government of Timor-Leste.

The Rally In ConocoPhillips Stock Is Starting to Run Out of Gas
Wed, 03 Oct 2018 13:42:07 +0000
Shares of ConocoPhillips (NYSE:COP) have certainly been gushing lately. COP stock has been by far the best-performing major U.S oil stock in 2018, gaining as much as 45% year to date. Expect COP stock to have trouble heading higher over the coming weeks.

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