ConocoPhillips (COP) Offering Possible 23.76% Return Over the Next 7 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $38.50 short put and a strike $33.50 long put offers a potential 23.76% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.96 would be kept by the premium seller. The risk of $4.04 would be incurred if the stock dropped below the $33.50 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 70 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

Rising Oil Prices Push Short Interest Down
Thu, 10 Mar 2016 13:25:47 GMT

What Are Analysts’ Targets for the Top 5 Upstream Companies?
Thu, 10 Mar 2016 00:06:04 GMT

3 Reasons ConocoPhillips' Stock Could Rise
Wed, 09 Mar 2016 15:27:00 GMT

The Line In The (Oil) Sand
Tue, 08 Mar 2016 23:36:22 GMT

CONOCOPHILLIPS Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 08 Mar 2016 21:47:43 GMT

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