ConocoPhillips put volume heavy and directionally bearish (TheFlyOnTheWall)
THE FLY 11:15 AM ET 11/7/2017
Symbol Last Price Change
COP 53.24up -0.43 (-0.8%)
QUOTES AS OF 12:56:23 PM ET 11/07/2017
Bearish flow noted in ConocoPhillips(COP) with 5,950 puts trading, or 3x expected. Most active are Dec-17 52.5 puts and Jan-18 55 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 2.37, while ATM IV is up over 1 point on the day. Earnings are expected on February 1st.