ConocoPhillips (COP) stock has been trading flat for the last two or three months. That's ideal for investors who short sell out-of-the-money COP puts and put credit spreads.
COP closed at $134.10 on Friday, Oct. 9, but over the last 2 months it's been as high as $141.22 on Sept. 15 and as low as $124.52 on Aug. 13. So, right now, it's in the middle of a trading range.