ConocoPhillips Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $115.0 to $140.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.78% at $124.54.
September 18, 2023 | 7:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on ConocoPhillips, indicating potential downward pressure on the stock. The sentiment among these traders is 70% bearish.
The unusual options activity indicates that a large investor is expecting the price of ConocoPhillips to decrease. This bearish sentiment among big-money traders could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100