Bullish option flow detected in ConocoPhillips (COP) with 17,196 calls trading, 2x expected, and implied vol increasing over 1 point to 33.89%. May-25 110 calls and Jun-25 110 calls are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 1st.
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Read More on COP:
- ConocoPhillips price target lowered to $115 from $127 at JPMorgan
- February PMI Report: Economic Expansion Continues Despite Manufacturing Contraction
- ConocoPhillips (COP) Sells Gulf Assets to Shell For $735 Million
- Shell to grow working interest in the Ursa platform
- ConocoPhillips agrees to sell interest in Ursa, Europa Fields for $735M
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