COP Option Overview

ConocoPhillips (COP) options traded 123.16K contracts on Nov 13, 2026, well above the 20-day average of 11.32K. The put-call ratio was 0.04, signaling bullish options sentiment. 30-day implied volatility was 31.3%, with an IV rank of 46, near the middle of its one-year range.

About COP

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 liquefied natural gas production and marketing activitie...
Employees
9.9K
Headquarters
Houston, TX
IPO Date
1972
Market Cap
$165.6B
Price-Earnings Ratio
14.38
Dividend Yield
2.33%
Average Volume
7.04M
High Today
$0.00
Low Today
$0.00
Open Price
$0.00
Volume
0
52 Week High
$154.28
52 Week Low
$85.70

Implied Volatility

Implied Volatility (30d)
31.27%
IV Rank
46.25%
IV Percentile
35.71%
Historical Volatility
32.99%
IV Low
24.07% on 12/22/25
IV High
39.65% on 11/05/26

Open Interest

Today's Open Interest
318,420
Put-Call Ratio
0.79
Put Open Interest
140,634
Call Open Interest
177,786
Open Interest Avg (30-day)
303,088
Today vs Open Interest Avg (30-day)
105.06%

Option Volume

Today's Volume
123,162
Put-Call Ratio
0.04
Put Volume
4,595
Call Volume
118,567
Volume Avg (30-day)
15,999
Today vs Volume Avg (30-day)
769.81%

Option Chain Statistics

This table provides a comprehensive overview of all COP options grouped by their expiration dates.

Expiration Volume
Total		 Volume
Put-Call Ratio		 OI
Total		 OI
Put-Call Ratio		 IV Expected Move Max Pain (vs cur)
Nov 13, 2026 -1 DTE weekly expired11/13/26 (w) -1 DTE 1,172 0.24 7,920 0.8 475.71% ±0.38 (0.27%) 137.00 -3.79%
Nov 20, 2026 6 DTE monthly11/20/26 (m) 6 DTE 57,070 0.01 58,689 0.42 29.32% ±4.20 (2.95%) 130.00 -8.71%
Nov 27, 2026 13 DTE weekly11/27/26 (w) 13 DTE 4,138 0.22 1,587 0.37 29.27% ±6.01 (4.22%) 137.00 -3.79%
Dec 04, 2026 20 DTE weekly12/4/26 (w) 20 DTE 76 0.73 1,659 0.43 30.38% ±7.74 (5.44%) 134.00 -5.90%
Dec 11, 2026 27 DTE weekly12/11/26 (w) 27 DTE 182 0.14 1,586 0.09 31.37% ±9.31 (6.54%) 133.00 -6.60%
Dec 18, 2026 34 DTE monthly12/18/26 (m) 34 DTE 32,260 0.02 62,978 0.83 31.03% ±8.84 (6.2%) 120.00 -15.73%
Dec 24, 2026 40 DTE weekly12/24/26 (w) 40 DTE 245 0.01 204 0.5 30.46% ±11.30 (7.94%) 133.00 -6.60%
Dec 31, 2026 47 DTE weekly12/31/26 (w) 47 DTE 7 6.0 4 ∞ 31.06% ±12.12 (8.51%) 141.00 -0.98%
Jan 15, 2027 62 DTE monthly1/15/27 (m) 62 DTE 19,664 0.04 87,280 0.89 29.98% ±11.93 (8.38%) 115.00 -19.24%
Feb 19, 2027 97 DTE monthly2/19/27 (m) 97 DTE 855 0.01 5,948 0.67 30.83% ±15.75 (11.06%) 135.00 -5.20%
Mar 19, 2027 125 DTE monthly3/19/27 (m) 125 DTE 6,043 0.08 22,779 0.78 31.59% ±18.44 (12.95%) 130.00 -8.71%
May 21, 2027 188 DTE monthly5/21/27 (m) 188 DTE 710 16.75 5,580 7.89 32.37% ±23.40 (16.44%) 160.00 +12.36%
Jun 17, 2027 215 DTE weekly6/17/27 (w) 215 DTE 117 0.43 20,502 1.14 31.99% ±25.00 (17.55%) 125.00 -12.22%
Sep 17, 2027 307 DTE monthly9/17/27 (m) 307 DTE 78 2.9 4,528 0.91 32.24% ±30.34 (21.3%) 145.00 +1.83%
Dec 17, 2027 398 DTE monthly12/17/27 (m) 398 DTE 123 7.79 14,041 1.25 31.96% ±34.51 (24.23%) 115.00 -19.24%
Jan 21, 2028 433 DTE monthly1/21/28 (m) 433 DTE 263 0.33 13,451 0.97 32.3% ±36.26 (25.47%) 115.00 -19.24%
Dec 15, 2028 762 DTE monthly12/15/28 (m) 762 DTE 79 0.68 7,711 0.83 31.65% ±46.80 (32.86%) 115.00 -19.24%
Jan 19, 2029 797 DTE monthly1/19/29 (m) 797 DTE 80 1.22 1,973 0.66 32.05% ±48.16 (33.82%) 105.00 -26.26%
Totals 123,162 0.04 318,420 0.79

COP Options FAQ

How actively are COP options traded?

118.57K calls and 4.6K puts traded on Nov 13, 2026, 123.16K contracts in total. Over the past 30 days, volume averaged 16.0K contracts per day. The COP option volume chart shows volume by strike and expiration date.

Is COP implied volatility high right now?

ConocoPhillips IV rank is 45, so its 30-day implied volatility of 31.1% is near the middle of its one-year range. Over the past year it ranged from 24.1% on Dec 22, 2025 to 39.6% on Nov 5, 2026. See the COP implied volatility history for a longer view.

What is the COP put/call ratio?

The ConocoPhillips put/call volume ratio was 0.04 on Nov 13, 2026, which signals bullish sentiment. The COP open interest chart shows calls and puts at each strike.

What is COP max pain this week?

As of the Nov 13, 2026 close, max pain for ConocoPhillips options about one week from expiration was $130.00, 8.6% below the $142.28 close. The COP max pain chart shows it for every expiration date.

What is COP's expected move over the next week?

Based on 7-day implied volatility of 29.2%, options price a move of about ±$5.76 (±4.0%) over the next week, a range of roughly $136.52 to $148.04 from the Nov 13, 2026 close. The COP expected move chart shows it for every expiration date.

What is ConocoPhillips?

ConocoPhillips is a US-based independent exploration and production firm.

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