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Barchart
Barchart
Mark R. Hake, CFA

Oil Is Off Its Peak - Time to Buy Oil Stocks Like ConocoPhillips?

COP ConocoPhillips Oil Barchart

Oil is off its peak prices, and it could be a good buying point for oil stocks like ConocoPhillips (COP). One way to do this is to set a lower buy-in point by shorting out-of-the-money (OTM) puts.

COP closed at $122.55, off its recent peak of $133.80 on March 27, during the height of the Iran war.

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