From Nasdaq: 2024-05-15 14:48:25

Deep-pocketed investors are taking a bearish stance on ConocoPhillips, with unusual options activity indicating possible big moves. The split sentiment shows 62% bearish and 37% bullish, with notable options trades aiming for a price range of $105.0 to $145.0. The mean open interest for today’s trades is 488.62, with a total volume of 1,417.00.

In the last month, various analysts have weighed in on ConocoPhillips, with target prices ranging from $140 to $160. The stock is currently trading at $121.22, with an anticipated earnings release in 78 days. Expert opinions vary, with ratings of Overweight, Positive, and Buy, targeting prices of up to $160.

Trading options involves risks and potential profits, with savvy traders using education, strategic adjustments, indicators, and market awareness. Stay up to date with ConocoPhillips’ latest options trades through Benzinga Pro for real-time alerts. Remember, Benzinga does not provide investment advice, all rights reserved.

Read more at Nasdaq: Unpacking the Latest Options Trading Trends in ConocoPhillips