ConocoPhillips (COP) Offering Possible 12.87% Return Over the Next 15 Calendar Days

ConocoPhillips's most recent trend suggests a bullish bias. One trading opportunity on ConocoPhillips is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 12.87% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $72.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ConocoPhillips is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ConocoPhillips is bullish.

The RSI indicator is at 76.81 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConocoPhillips

Goldman Sachs Steps To The Sidelines On ConocoPhillips Amid Continued Outperformance
Tue, 02 Oct 2018 19:27:47 +0000
Following strong outperformance since 2017 of ConocoPhillips (NYSE: COP ), analysts considered share price appreciation and other factors in Tuesday’s downgrade. The Analyst Goldman Sachs analyst Neil …

Bullish call on a big oil company
Tue, 02 Oct 2018 18:02:00 +0000
The "Halftime Report" traders debate Goldman Sachs adding Chevron to its Conviction Buy list.

Upstream Stocks Might Continue to Build on Last Week’s Gains
Tue, 02 Oct 2018 16:06:35 +0000
In the week ending September 28, upstream energy stocks continued their winning streak for the third consecutive week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes 56 upstream companies, rose 1.9% last week. Overall, XOP gained 2.2% last month. Last week, XOP’s gains were due to the rise in commodity prices and the narrowing of the WTI spreads.

Chevron Could Deliver 20% Returns, Goldman Says
Tue, 02 Oct 2018 14:23:00 +0000
ConocoPhillips has been the clear winner in this year’s energy rally, but the trend favors Chevron, says Goldman’s Neil Mehta.

ConocoPhillips to sell stake in Southeast Asian asset for $350M
Mon, 01 Oct 2018 18:59:30 +0000
“Although we differ with the government on its proposed development plan for Sunrise, we recognize the importance of the field to the nation of Timor-Leste, and the sale of our interest to the government gives them a working interest in this important development.”

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