ConocoPhillips (COP) Offering Possible 9.89% Return Over the Next 6 Calendar Days

ConocoPhillips's most recent trend suggests a bearish bias. One trading opportunity on ConocoPhillips is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 9.89% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $77.50 long call 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 61.63 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for ConocoPhillips

[$$] Canada's Crystallex wins right to go after Citgo
Fri, 10 Aug 2018 02:21:53 +0000
Venezuela’s efforts to stay afloat financially suffered another blow on Thursday when a judge in the US gave a Canadian mining company permission to seize the shares of the Venezuelan holding company that owns Citgo, a US oil refiner with gas stations across the US. The case dates back to 2011 when Venezuela nationalized Las Cristinas, a gold reserve owned by Crystallex.

NuStar's (NS) Q2 Earnings Miss Estimates, Revenues Beat
Thu, 09 Aug 2018 15:18:03 +0000
NuStar's (NS) distributable cash flow available to limited partners in the second quarter surges 36% from the year-ago quarter.

COP or ANDX: Which Is the Better Value Stock Right Now?
Thu, 09 Aug 2018 13:30:01 +0000
COP vs. ANDX: Which Stock Is the Better Value Option?

5 Energy Stocks to Sell Now
Thu, 09 Aug 2018 12:48:23 +0000
Energy stocks are just beginning to pay attention to the price action, with a number of names looking vulnerable to some profit taking after an impressive rally in oil prices from the lows seen last summer. Analysts are looking for earnings of $1.17 per share on revenues of $9.7 billion. When the company last reported on July 26, earnings of $1.09 per share missed estimates by a penny on a drop in production out of Libya.

Venezuela dodges oil asset seizures with export transfers at sea
Tue, 07 Aug 2018 20:12:19 +0000
HOUSTON/PUNTO FIJO (Reuters) – Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighbouring Cuba to avoid asset seizures. Venezuela has been pumping oil this year at the lowest rate in three decades after years of underinvestment and a mass exodus of workers. PDVSA's problems were compounded in May when U.S. oil firm ConocoPhillips (COP.N) began seizing PDVSA assets in the Caribbean as payment for a $2 billion arbitration award.

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