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Barchart
Barchart
Mark R. Hake, CFA

Covered Call Yields with ConocoPhillips Are Attractive as COP Stock Is Near a Peak

COP ConocoPhillips Barchart Oil OTM United States

ConocoPhillips stock (COP) is just off a three-month peak. That makes selling COP covered calls with a one-month expiry attractive to shareholders. Here's an example: the $140 call expiring Sept. 25 yields 1.75%.

COP closed at $133.25 on Monday, Aug. 24, down just over 1%. It's down from a 3-month peak of $134.89 on Aug. 20. That's well over a recent trough of $115.04 on Aug. 5.

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