With elevated oil and gas prices due to the U.S.-Iran conflict, ConocoPhillips (COP) stock is up again. That has also pushed COP put premiums higher, making them attractive to put option short sellers. This article will show how this works.
COP closed up slightly on Friday, July 24, at $120.26 per share, up from a recent trough price of $103.22 on July 1. However, it's still down from an April 29 peak of $128.25.