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Barchart
Barchart
Mark R. Hake, CFA

ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month

COP ConocoPhillips OTM Oil Barchart

Short-sellers of out-of-the-money (OTM) ConocoPhillips (COP) put options expiring in one month can make 1% or more. COP stock has fluctuated with oil prices as the war in Iran has waned. Investors can play this by shorting OTM COP puts.

COP closed at $116.98 on Friday, June 12, up about 1.4%. But, it's still down from a peak about a month ago on May 19, when it closed at $125.11. However, its low has been only $113.98 on May 29 in the last 3 months since the Iran war started.

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