ConocoPhillips Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 83% of the detected trades being bearish. The trades include 13 puts amounting to $674,860 and 5 calls amounting to $192,457. The whales have been targeting a price range from $105.0 to $130.0 for ConocoPhillips over the last 3 months. The current price of COP is down -0.34% at $122.66.
September 13, 2023 | 4:01 pm
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ConocoPhillips has seen significant bearish trading activity, with a large investor targeting a price range of $105-$130. The current price is down -0.34% at $122.66.
The bearish stance taken by a significant investor, along with the high volume of bearish trades, suggests a potential downward pressure on the stock price in the short term. The targeted price range also indicates a potential decrease from the current price level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100