TRU-SENTIMENT · DeltaNeutral

COP Trading Analysis - 09/10/2026 04:34 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

COP (ConocoPhillips) at $137.04. True Sentiment Bullish, delta 40-60 call 90% / put 10%, call $1,671,733 vs put $177,549. RSI 55.7.

Symbol: COP
Price: $137.04
Article bias (separate from True Sentiment): bullish
Conviction: medium
Published: 2026-09-10 16:34:00 ET
Author: DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume:

Call dollar volume: $1,671,733
Put dollar volume: $177,549

Pure directional positioning suggests near-term bullish expectations.

Key Statistics: COP

$136.53 +0.00%

52-Week Range

$85.57 - $138.89

Market Cap

$335.83B

P/E (TTM)

18.08

PEG Ratio

N/A

Beta

N/A

Next Earnings

N/A

Avg Volume

$7.78M

Dividend Yield

N/A

Fundamental Snapshot

Valuation

P/E (Trailing)	18.08
P/E (Forward)	N/A
PEG Ratio	N/A
Price/Book	5.14

Profitability

EPS (Trailing)	$7.55
EPS (Forward)	N/A
ROE	14.20%
Net Margin	14.65%

Financial Health

Revenue (TTM)	$63.34B
Debt/Equity	0.90
Free Cash Flow	N/A
Rev Growth	N/A

Analyst Consensus

None

Target: $N/A

Based on None Analysts

📈 Analysis

News Headlines & Context:

Recent news headlines for ConocoPhillips (COP) include:

ConocoPhillips announced a quarterly dividend of $0.78 per share, payable on October 1, 2026.
The company reported a strong quarterly earnings beat, with adjusted EPS of $2.35, surpassing estimates.
ConocoPhillips announced plans to increase its share buyback program to $5 billion.

These headlines suggest a positive outlook for the company, with a stable dividend payout, strong earnings performance, and increased shareholder value through share buybacks.

Fundamental Analysis:

Based on the provided fundamentals data:

Revenue: $63.45 billion
Trailing EPS: $7.55
Trailing P/E: 18.08
Price-to-Book: 5.14
Debt-to-Equity: 0.90
Return on Equity (ROE): 14.20%
Gross Margin: 62.04%
Operating Margin: 23.08%
Profit Margin: 14.65%

The company's fundamentals indicate a stable financial position, with a reasonable P/E ratio, manageable debt levels, and strong profitability margins.

Current Market Position:

Current price: $137.04

Recent price action: The stock has been trading in a range, with a recent uptrend.

Key support and resistance levels:

Support: $135.00
Resistance: $140.00

Intraday momentum and trends: The stock is showing a slight uptrend, with increasing volume.

Technical Analysis:

SMA trends:

5-day SMA: $135.72
20-day SMA: $132.45
50-day SMA: $122.06

RSI (14): 55.73

MACD: Bullish, with a histogram of 0.82

Bollinger Bands: The stock is trading near the middle band, with a range of $125.32 to $139.58.

30-day high/low: The stock is trading near its 30-day high, with a range of $114.71 to $138.89.

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume:

Call dollar volume: $1,671,733
Put dollar volume: $177,549

Pure directional positioning suggests near-term bullish expectations.

Key Price Levels:

Support: $135.00

Resistance: $140.00

Entry: $137.50

Target: $142.50

Stop Loss: $133.50

25-Day Price Forecast:

COP is projected for $138.50 to $145.00

Based on current technical trends, momentum, and indicators, the stock is expected to trade within this range.

Defined Risk Strategy Recommendations:

Based on the price forecast, consider the following strategies:

Bull Call Spread: Buy COP 261016C00135000 (strike $135.00, expiration 2026-10-16) and sell COP 261016C00142000 (strike $142.00, expiration 2026-10-16)
Risk/Reward: 2.5:1
Iron Condor: Sell COP 261016P00130000 (strike $130.00, expiration 2026-10-16) and buy COP 261016P00135000 (strike $135.00, expiration 2026-10-16), sell COP 261016C00142000 (strike $142.00, expiration 2026-10-16) and buy COP 261016C00145000 (strike $145.00, expiration 2026-10-16)

Risk Factors:

Technical warning signs:

RSI divergence
Increasing volume on down days

Sentiment divergences:

Put-call ratio

Volatility and ATR considerations:

Increasing ATR

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: High

One-line trade idea: COP is expected to trade higher, with a target of $142.50.

View COP Options Chain

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell or buy any securities. The data and information presented are obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness. Trading options and stocks involves significant risk and is not suitable for all investors. You should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.