TRU-SENTIMENT · DeltaNeutral

COP Trading Analysis - 09/11/2026 03:31 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

COP (ConocoPhillips) at $136.89. True Sentiment Bullish, delta 40-60 call 79% / put 21%, call $789,180 vs put $210,830. RSI 55.5.

Symbol: COP
Price: $136.89
Article bias (separate from True Sentiment): bullish
Conviction: medium
Published: 2026-09-11 15:31:00 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: Calls ($789,180) vs Puts ($210,830), indicating a bullish bias.

The pure directional positioning suggests near-term expectations of a price increase.

Key Statistics: COP

$136.94 -0.07%

52-Week Range

$85.57 - $138.89

Market Cap

$336.85B

P/E (TTM)

18.14

PEG Ratio

N/A

Beta

N/A

Next Earnings

N/A

Avg Volume

$7.77M

Dividend Yield

N/A

Fundamental Snapshot

Valuation

P/E (Trailing)	18.15
P/E (Forward)	N/A
PEG Ratio	N/A
Price/Book	5.16

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 analyst 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: $63.34 billion
Trailing EPS: $7.55
Trailing P/E: 18.15
Debt/Equity: 0.90
Return on Equity (ROE): 14.20%

The company's fundamentals indicate a stable financial position, with a reasonable P/E ratio and a strong ROE. However, the debt/equity ratio suggests a moderate level of leverage.

Current Market Position:

Current price: $136.94

Recent price action: The stock has been trending upward, with a recent high of $137.66 and a low of $135.53.

Intraday momentum: The stock is showing a slight upward momentum, with a 5-day SMA of $135.96 and a 20-day SMA of $133.07.

Technical Analysis:

Technical Indicators

RSI (14)

55.49

MACD

4.06

50-day SMA

$122.73

The technical indicators suggest a bullish trend, with the RSI above 50, a positive MACD, and the price above the 50-day SMA.

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume: Calls ($789,180) vs Puts ($210,830), indicating a bullish bias.

The pure directional positioning suggests near-term expectations of a price increase.

Key Price Levels:

Support

$122.73

Resistance

$139.46

Support and resistance levels from the data: $122.73 (50-day SMA) and $139.46 (upper Bollinger Band).

25-Day Price Forecast:

COP is projected for $140.00 to $150.00

Based on current technical trends, momentum, and indicators, the stock price is expected to continue its upward trajectory, with a projected range of $140.00 to $150.00 in 25 days.

Defined Risk Strategy Recommendations:

Based on the price forecast, recommended strategies include:

Bull Call Spread: Buy COP 261016C00135000 (strike $135.00, price $5.40) and Sell COP 261016C00142000 (strike $142.00, price $1.64), with a net debit of $3.76 and a max profit of $3.24.
Iron Condor: Sell COP 261016P00130000 (strike $130.00, price $2.18) and Buy COP 261016P00125000 (strike $125.00, price $1.11), while selling COP 261016C00140000 (strike $140.00, price $3.90) and buying COP 261016C00145000 (strike $145.00, price $2.28).

Risk Factors:

Technical warning signs: None apparent.
Sentiment divergences: None apparent.
Volatility and ATR considerations: ATR (14) is $2.91, indicating moderate volatility.

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: High

One-line trade idea: COP is poised for further upside, driven by strong earnings, increased share buybacks, and a bullish technical trend.

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.