ConocoPhillips Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 10 uncommon trades, split 50% bullish and 50% bearish. The total amount for puts is $104,100 and for calls is $479,775. Whales have been targeting a price range from $65.0 to $115.0 for ConocoPhillips over the last 3 months. The current price of COP is down -2.85% at $107.4. Analysts from Mizuho, Wolfe Research, and Citigroup have maintained their ratings with price targets of $127, $120, and $140 respectively.
July 14, 2023 | 4:33 pm
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Unusual options activity has been observed for ConocoPhillips, indicating a bullish stance. The current price is down -2.85% at $107.4. Analysts have maintained their ratings with price targets of $127, $120, and $140 respectively.
The unusual options activity, particularly the large bullish position, indicates that there may be significant movement in the price of ConocoPhillips in the near future. This, combined with the maintained ratings and price targets from analysts, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100