<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>ConocoPhillips</strong>.</p>
<p>Looking at options history for ConocoPhillips (NYSE:COP) we detected 18 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 33% with bearish.</p>
<p>From the overall spotted trades, 11 are puts, for a total amount of $552,373 and 7, calls, for a total amount of $329,849.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $140.0 for ConocoPhillips during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for ConocoPhillips's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ConocoPhillips's whale activity within a strike price range from $90.0 to $140.0 in the last 30 days. </p>
<h3>ConocoPhillips Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1768503676_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Options Call Chart" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1768503676_0.png"/></p>

<h3>Significant Options Trades Detected:</h3>
<p></p><table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$5.65</td>
<td>$5.55</td>
<td>$5.62</td>
<td>$105.00</td>
<td>$104.8K</td>
<td>2.9K</td>
<td align="right">190</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$10.4</td>
<td>$10.25</td>
<td>$10.4</td>
<td>$97.50</td>
<td>$79.0K</td>
<td>185</td>
<td align="right">77</td>
</tr>
<tr>
<td>COP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/20/26</td>
<td>$2.13</td>
<td>$1.71</td>
<td>$1.71</td>
<td>$105.00</td>
<td>$76.9K</td>
<td>10.6K</td>
<td align="right">494</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/13/26</td>
<td>$7.25</td>
<td>$6.6</td>
<td>$6.6</td>
<td>$104.00</td>
<td>$66.0K</td>
<td>153</td>
<td align="right">581</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/13/26</td>
<td>$7.15</td>
<td>$6.35</td>
<td>$6.4</td>
<td>$104.00</td>
<td>$65.4K</td>
<td>153</td>
<td align="right">390</td>
</tr>
</tbody>
</table><p></p>
<h3>About ConocoPhillips</h3>
<p>ConocoPhillips is a US-based independent exploration and production firm. Its operations are primarily in Alaska and the Lower 48, with footprints in Canada, Europe, Asia-Pacific, the Middle East, and Africa. It also has substantial integrated LNG production and marketing activities across geographies.</p>
<p>Having examined the options trading patterns of ConocoPhillips, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is ConocoPhillips Standing Right Now?</h3>
<ul>
<li>With a volume of 3,807,218, the price of COP is down -0.71% at $99.63. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for ConocoPhillips</h3>
<p>A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $109.25.</p>
<ul>
<li>An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $132. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on ConocoPhillips, which currently sits at a price target of $98. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on ConocoPhillips, maintaining a target price of $109. </li>
<li>Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on ConocoPhillips with a target price of $98. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.</p>

<p>ConocoPhillips has seen significant bullish options activity, with 50% of trades reflecting bullish expectations. The detected trades include 11 puts totaling $552,373 and 7 calls amounting to $329,849. Analysts suggest a price target range of $90 to $140 for the stock. Currently, ConocoPhillips (COP) is trading at $99.63, down 0.71%. Analysts have set an average price target of $109.25, with some recommending a target as high as $132. The next earnings report is expected in 21 days.</p>

ConocoPhillips Unusual Options Activity For January 15