ConocoPhillips Unusual Options Activity For May 31
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with 14 uncommon options trades spotted. The sentiment of these big-money traders is 64% bullish and 35% bearish. Whales have been targeting a price range of $92.5 to $125.0 for ConocoPhillips over the last 3 months.
May 31, 2023 | 6:01 pm
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ConocoPhillips (NYSE:COP) experiences unusual options activity with 14 uncommon trades. Big-money traders' sentiment is 64% bullish and 35% bearish, targeting a price range of $92.5 to $125.0.
The unusual options activity indicates that big-money traders are taking positions in ConocoPhillips, with a majority being bullish. This could potentially drive the stock price up in the short term as more investors follow the trend. The targeted price range of $92.5 to $125.0 also suggests an expected increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100