COP Options
ConocoPhillips Options Chain, Implied Volatility & Greeks
Comprehensive options market data for ConocoPhillips (COP). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
COP Options at a Glance
What's Covered in This Guide
1 About ConocoPhillips (COP)
ConocoPhillips trades on NYSE. Options on COP are actively traded by retail and institutional investors.
Company Profile
Key Dates
COP is an actively traded options name in the Oil & Gas space.
2 COP Options Market Overview
COP options offer good liquidity for traders seeking exposure to Oil & Gas.
Liquidity Assessment: Good
COP options provide good liquidity for most trading strategies.
3 COP Volatility Profile
COP implied volatility reflects market expectations for ConocoPhillips price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
COP Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for COP shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common COP Options Strategies
These are strategies commonly used by traders on COP options, based on typical market characteristics. This is not investment advice.
Used by COP traders for income exposure. Good liquidity supports efficient execution.
Used by COP traders for volatility exposure. Good liquidity supports efficient execution.
Used by COP traders for directional exposure. Good liquidity supports efficient execution.
Used by COP traders for volatility exposure. Good liquidity supports efficient execution.
Used by COP traders for neutral exposure. Good liquidity supports efficient execution.
Key Considerations for COP Options
- COP options liquidity: Good - affects execution quality
- IV range: 22% - 55% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: COP Options
What are COP options?
COP options are derivative contracts that give you the right to buy (call) or sell (put) ConocoPhillips shares at a specific price before expiration.
How do I analyze COP implied volatility?
COP IV typically ranges from 22% - 30% during quiet periods to 42% - 55% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for COP options?
COP options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does COP report earnings?
ConocoPhillips typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for COP options?
Popular COP strategies include covered calls, straddles, and vertical spreads. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade COP options?
The most liquid trading hours for COP options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate COP option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for COP options across all strikes and expirations.
What happens to COP options at expiration?
In-the-money COP options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
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COP Analytics
COP Key Events
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