ConocoPhillips (COP) – Trade Idea

Company Description

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific, and the Middle East, and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas liquids, natural gas, and LNG. The Lower 48 segment consists of operations located in the United States Lower 48 states and the Gulf of Mexico. Its Canadian operations consist of oil sands developments in the Athabasca Region of northeastern Alberta. The Europe and North Africa segment consists of operations and exploration activities in Norway and Libya. The Asia Pacific and the Middle East segment has exploration and production operations in China, Indonesia, Malaysia, and Australia. Source:  Reuters.

Charts

Daily OHLC Chart YTD

COP versus S&P500 YTD

Total Return Chart YTD

Laggards became leaders in 11 of the last 17 years

Open Interest

Option Pricing

IV Implied VolatilityRV Realized VolatilityIVP Implied Volatility Percentile
282650

Trade Idea

Monday’s close price triggered a long momentum signal based on one of our proprietary strategies. If you are bullishly disposed, you may want to consider the following trade structure:

SideQtyExpStrikeType
Buy117 Jan62.5Call

TRADE MANAGEMENT

50 %
Profit Target

Trade Structure Profit Target.

50 %
Premium Stop

Close the Trade Structure after if the fair market value is <50% of Net Debit Paid.

This website is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only. None of EQT Media, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor’s own situation. Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of EQT Option. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of EQT Option.
Latest Insights