ConocoPhillips (COP) Options Chain

NYSE: COPEnergyIntegrated oil CompaniesUSD

134.10-0.09 (-0.07%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 13
Share price: $134.10
Put/call ratio (OI): 0.83
Put/call ratio (volume): 0.97
ATM implied volatility: 31.8%
Expected move: ±$8.04
Open interest (C / P): 2.59K / 2.15K

COP options summary

The COP options chain for the October 23, 2026 expiration lists 34 call and 27 put contracts, with 13 days until expiration. Open interest stands at 2,592 calls and 2,153 puts, a put/call ratio of 0.83, which is fairly balanced between calls and puts. At-the-money implied volatility near the $134.00 strike is 31.8%, which implies the market expects a move of about ±$8.04 (6.0%) in ConocoPhillips stock by expiration.

The most open interest sits at the $135.00 call (695 contracts) and the $128.00 put (1.03K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

COP options chain · October 23, 2026

COP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	100.00	0.00	2.13	0.20	112.1%	1	0
—	—	—	—	—	—	110.00	0.00	0.36	0.30	55.7%	2	6
—	—	—	—	—	—	113.00	0.00	2.16	0.30	74.8%	6	3
4	1	62.8%	13.53	18.80	20.95	115.00	0.00	1.06	0.25	56.9%	1	16
—	—	—	—	—	—	116.00	0.00	2.18	0.26	66.6%	2	2
3	1	59.1%	13.02	16.60	19.30	117.00	—	—	—	—	—	—
—	—	—	—	—	—	118.00	0.00	0.50	0.22	48.7%	21	37
—	—	—	—	—	—	119.00	0.04	0.39	0.41	43.5%	2	22
3	—	63.5%	14.08	13.90	15.70	120.00	0.03	1.11	0.20	55.7%	2	27
4	1	60.4%	13.98	13.00	14.70	121.00	0.00	0.85	0.35	48.3%	1	8
12	—	58.0%	7.05	12.15	13.75	122.00	0.11	0.45	0.18	37.7%	12	302
360	26	55.6%	11.97	11.00	12.80	123.00	0.14	0.91	0.40	43.9%	9	43
5	3	53.1%	10.87	10.05	11.85	124.00	0.20	0.71	0.71	37.8%	5	21
55	1	48.0%	8.65	9.55	10.70	125.00	0.31	0.50	0.50	31.4%	4	60
178	1	49.7%	9.94	8.55	10.10	126.00	0.35	1.74	1.67	46.6%	1	6
6	2	48.1%	6.60	7.70	9.25	127.00	0.50	1.10	1.17	35.2%	10	40
78	2	46.9%	7.85	6.05	8.45	128.00	0.72	1.00	0.89	30.8%	1	1,034
244	23	44.3%	6.78	6.20	7.55	129.00	0.87	1.29	0.83	31.3%	1	13
360	43	35.3%	5.75	5.20	6.05	130.00	1.11	1.61	1.27	31.6%	9	38
37	30	42.3%	5.40	4.85	6.10	131.00	1.32	1.87	6.30	30.7%	4	3
33	1	33.2%	4.87	4.20	4.60	132.00	1.86	2.29	1.96	31.1%	71	69
44	1	39.5%	3.70	3.50	4.70	133.00	2.29	2.78	2.38	31.6%	18	4
41	27	33.4%	3.66	3.10	3.55	134.00	2.76	3.10	2.80	30.1%	1	60
COP $134.10
695	34	32.3%	2.83	2.65	2.96	135.00	2.98	3.85	3.32	32.2%	2	91
10	23	33.1%	2.42	2.24	2.63	136.00	3.45	4.20	10.95	30.0%	1	1
11	11	32.8%	2.27	1.69	2.21	137.00	4.05	4.85	6.99	30.1%	100	100
48	11	32.1%	1.68	1.50	1.81	138.00	4.60	5.90	10.28	34.1%	3	27
11	21	31.9%	1.39	1.25	1.50	139.00	—	—	—	—	—	—
166	2	31.5%	1.15	0.99	1.21	140.00	5.85	7.15	13.51	32.0%	10	120
3	11	31.1%	1.01	0.79	0.97	141.00	—	—	—	—	—	—
29	6	32.0%	0.74	0.50	0.85	142.00	—	—	—	—	—	—
2	1	32.6%	1.15	0.38	0.73	143.00	—	—	—	—	—	—
2	1	46.4%	0.18	0.34	1.56	144.00	—	—	—	—	—	—
114	5	47.0%	0.09	0.11	1.41	145.00	—	—	—	—	—	—
1	1	47.6%	1.25	0.08	1.28	146.00	—	—	—	—	—	—
8	1	49.5%	3.48	0.03	1.10	148.00	—	—	—	—	—	—
5	6	55.4%	0.11	0.00	1.35	149.00	—	—	—	—	—	—
8	1	50.8%	0.19	0.00	0.92	150.00	—	—	—	—	—	—
8	8	60.6%	0.23	0.00	1.20	152.50	—	—	—	—	—	—
4	4	63.7%	0.07	0.00	2.18	155.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the COP put/call ratio?

For the October 23, 2026 expiration, the COP put/call ratio based on open interest is 0.83 (2,153 puts vs 2,592 calls), and 0.97 based on today's volume. A ratio above 1 means more puts than calls.

What is COP's implied volatility?

At-the-money implied volatility for COP options expiring October 23, 2026 is about 31.8%, an annualized estimate of how much the market expects ConocoPhillips stock to move.

How many COP option expiration dates are there?

COP has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.