This Is What Whales Are Betting On ConocoPhillips
Portfolio Pulse from Benzinga Insights
A large bearish position on ConocoPhillips (NYSE:COP) has been spotted, with 19 uncommon options trades identified. The sentiment of these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range of $65 to $120 for ConocoPhillips over the last 3 months.
May 18, 2023 | 5:16 pm
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A large bearish position has been identified in ConocoPhillips (NYSE:COP), with 57% of big-money traders being bearish. Whales have targeted a price range of $65 to $120 for the stock over the last 3 months.
The large bearish position identified in ConocoPhillips indicates that big-money traders expect the stock price to decline in the short term. The 57% bearish sentiment among these traders suggests a higher likelihood of a downward price movement. Additionally, the targeted price range of $65 to $120 over the last 3 months shows that there is significant interest in the stock, further supporting the potential impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100