This Is What Whales Are Betting On ConocoPhillips
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is 11% bullish and 88% bearish. The whales have been targeting a price range from $65.0 to $125.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.08% at $119.16, with RSI indicators suggesting the stock may be approaching overbought.
September 22, 2023 | 8:30 pm
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A large investor has taken a significant bearish stance on ConocoPhillips, with a large position in options. The overall sentiment of these big-money traders is 88% bearish, targeting a price range from $65.0 to $125.0 over the last 3 months.
The large position in options taken by a big investor indicates a significant bearish sentiment on ConocoPhillips. This could potentially drive the stock price down in the short term, especially considering the high bearish sentiment of 88%. The targeted price range also suggests that the investor expects the stock price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100