Smart Money Is Betting Big In COP Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards ConocoPhillips (NYSE:COP) with significant options activity. The majority of the trades are call options, indicating a positive outlook. Analysts have set an average price target of $152.6 for COP.
June 14, 2024 | 8:15 pm
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POSITIVE IMPACT
ConocoPhillips (NYSE:COP) has seen a surge in bullish options activity, with 11 call options and 3 put options. Analysts have set an average price target of $152.6, indicating a positive outlook.
The significant bullish options activity, combined with positive analyst ratings and a high average price target, suggests a likely upward movement in COP's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100