ConocoPhillips (COP) Offering Possible 27.55% Return Over the Next 8 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 27.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $92.50 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 69.84 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

Gas leak at ConocoPhillips' field in Alaska prompts evacuations -local media
Wed, 09 Mar 2022 02:32:52 +0000
A days-long natural gas leak has forced a partial evacuation at one of the biggest oil fields in North Slope, Alaska, local media reported on Tuesday, with one local official saying the gas was still leaking. The leak was discovered Friday at a drill site in ConocoPhillips' Alpine oil field, one of the largest on the North Slope, reported the Fairbanks Daily News-Miner.

CERAWeek intel: Here's what oil execs are saying about the Ukraine crisis
Wed, 09 Mar 2022 00:55:03 +0000
Ryan Lance, as the leader of one of the world’s largest independent oil and gas producers, said he supported Biden’s decision as a short-term solution to stymying Russia’s economy and influence.

10 Oil and Gas Stocks to Buy According to Mario Gabelli
Tue, 08 Mar 2022 22:47:32 +0000
In this article, we discuss the 10 oil and gas stocks to buy according to Mario Gabelli. If you want to skip our detailed analysis of these stocks, go directly to the 5 Oil and Gas Stocks to Buy According to Mario Gabelli. The Russian invasion of Ukraine has pushed energy prices higher in recent […]

Why gas prices aren’t actually at record highs
Tue, 08 Mar 2022 21:57:31 +0000
Yahoo Finance's Rick Newman explains that while gas prices are high, they haven’t actually hit record levels when adjusted for inflation.

ConocoPhillips Announces Pricing of Cash Tender Offer
Tue, 08 Mar 2022 20:15:00 +0000
HOUSTON, March 08, 2022–ConocoPhillips has announced pricing of cash tender offer.

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