ConocoPhillips Inc. (COP) stock has a 3.63% annual yield and could be up to 18% undervalued. Another play here is to sell short out-of-the-money OTM) puts as an income play. For example, 5% OTM COP puts have a 1% monthly yield. This article will show how this works.
COP stock is at $92.67 midday on Friday, December 19. COP has been relatively flat over the last 6 months. Moreover, its $3.36 annual dividend per share (DPS) provides a long-term holder with a yearly yield of 3.626%.
