Looking At ConocoPhillips's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 54% were bullish and 45% were bearish. The total amount for puts was $115,625 and for calls was $741,952. Whales have been targeting a price range from $80.0 to $150.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.63% at $117.46. Analysts from Mizuho, RBC Capital, Wells Fargo, Truist Securities, and Raymond James have maintained their ratings on ConocoPhillips, with price targets ranging from $130 to $151.
August 18, 2023 | 5:46 pm
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ConocoPhillips has seen unusual options activity, with a majority of investors taking a bullish stance. The current price of COP is up 0.63% at $117.46. Analysts have maintained their ratings on the company, with price targets ranging from $130 to $151.
The unusual options activity, majority of which is bullish, indicates investor confidence in the company's performance. This, coupled with the maintained ratings and price targets from analysts, suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100