Bearish flow noted in ConocoPhillips with 8,558 puts trading, or 2x expected. Most active are Jan-25 90 puts and Sep-24 110 calls, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.70, while ATM IV is up nearly 4 points on the day. Earnings are expected on October 31st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COP: