ConocoPhillips stock (COP) is just off a three-month peak. That makes selling COP covered calls with a one-month expiry attractive to shareholders. Here's an example: the $140 call expiring Sept. 25 yields 1.75%.
COP closed at $133.25 on Monday, Aug. 24, down just over 1%. It's down from a 3-month peak of $134.89 on Aug. 20. That's well over a recent trough of $115.04 on Aug. 5.
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#down #conocophillips #Monday
COP closed at $133.25 on Monday, Aug. 24, down just over 1%. It's down from a 3-month peak of $134.89 on Aug. 20. That's well over a recent trough of $115.04 on Aug. 5.
QQQ is Still in a Negative Gamma Regime. Here's How a 'Put Wall' and Fibonacci Support Could Come Into Play.
Huge, Unusual Put and Call Option Volume in Intel - Investors Bullish as INTC Drops
Why the China-Led Weakness in NXP Semiconductors Stock Could Open Doors for Speculators
#down #conocophillips #Monday
2 months ago
