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: Dec 18, 2026
Days to expiration: 69
Share price: $134.10
Put/call ratio (OI): 0.81
Put/call ratio (volume): 0.54
ATM implied volatility: 31.9%
Expected move: ±$18.61
Open interest (C / P): 28.69K / 23.17K

COP options summary

The COP options chain for the December 18, 2026 expiration lists 38 call and 31 put contracts, with 69 days until expiration. Open interest stands at 28,689 calls and 23,172 puts, a put/call ratio of 0.81, which is fairly balanced between calls and puts. At-the-money implied volatility near the $135.00 strike is 31.9%, which implies the market expects a move of about ±$18.61 (13.9%) in ConocoPhillips stock by expiration.

The most open interest sits at the $115.00 call (7.29K contracts) and the $120.00 put (3.89K contracts).

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

COP options chain · December 18, 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
1	—	—	40.65	44.10	48.45	42.50	0.00	0.04	0.03	93.0%	1	41
0	5	—	45.09	41.35	42.85	45.00	0.00	0.00	0.10	50.0%	5	0
—	—	—	—	—	—	47.50	0.00	0.00	0.14	50.0%	5	0
0	2	157.4%	65.88	82.10	85.90	50.00	0.00	1.05	0.05	122.3%	1	49
0	5	—	55.97	0.00	0.00	55.00	0.00	0.10	0.02	80.1%	2	78
0	5	—	60.67	0.00	0.00	60.00	0.00	0.06	0.05	68.8%	2	37
0	20	—	53.00	0.00	0.00	65.00	0.00	1.57	0.03	99.8%	10	391
154	1	—	48.40	39.90	43.90	70.00	0.00	0.08	0.23	58.2%	20	656
0	1	—	51.65	0.00	0.00	75.00	0.00	0.53	0.10	67.7%	20	2,757
8	1	61.4%	39.57	54.85	58.75	77.50	0.00	0.73	0.19	67.8%	3	114
0	2	—	45.89	0.00	0.00	80.00	0.00	0.17	0.14	51.7%	20	3,177
0	4	—	46.00	0.00	0.00	82.50	0.02	0.20	0.19	50.6%	1	396
33	3	62.9%	50.35	47.90	51.45	85.00	0.00	0.95	0.11	60.6%	2	832
0	2	—	46.25	0.00	0.00	87.50	0.00	0.58	0.27	52.4%	1	124
92	2	56.1%	37.00	42.90	46.45	90.00	0.00	1.39	0.35	58.5%	1	676
258	1	52.9%	16.05	40.25	44.10	92.50	0.00	0.95	0.26	50.9%	1	150
279	1	52.7%	30.68	38.15	41.55	95.00	0.08	0.25	0.15	42.5%	1	627
183	5	63.7%	26.02	35.50	38.55	97.50	0.07	0.30	0.30	41.0%	8	813
445	10	58.4%	33.65	33.25	35.90	100.00	0.19	0.28	0.21	37.8%	35	2,036
180	20	57.0%	24.10	28.25	31.60	105.00	0.28	0.56	0.56	37.4%	1	1,187
613	1	52.5%	17.15	23.55	27.05	110.00	0.60	0.97	0.60	36.4%	1	2,158
7,285	1	47.3%	19.70	19.15	22.45	115.00	1.06	1.38	1.23	33.7%	4	1,229
2,049	3	40.9%	17.47	15.90	17.75	120.00	1.97	2.20	2.02	32.5%	13	3,894
2,472	58	35.8%	12.94	12.35	13.40	125.00	3.25	3.55	3.34	32.1%	20	559
1,329	6	32.9%	9.47	9.20	9.75	130.00	5.05	5.35	4.90	31.5%	4	811
COP $134.10
3,632	21	32.3%	7.12	6.70	7.10	135.00	7.45	7.80	7.30	31.5%	2	140
1,369	40	32.2%	5.00	4.75	5.05	140.00	9.55	10.85	13.85	31.7%	1	76
1,743	16	32.4%	3.45	2.86	3.55	145.00	13.00	14.75	14.25	33.8%	5	17
3,624	79	32.2%	2.30	2.15	2.39	150.00	16.80	18.50	23.35	33.4%	1	56
1,178	21	32.5%	1.51	1.42	1.61	155.00	20.85	23.65	28.94	39.5%	8	91
813	10	32.9%	1.05	0.86	1.09	160.00	—	—	—	—	—	—
423	10	34.9%	0.77	0.46	0.89	165.00	—	—	—	—	—	—
144	1	36.0%	0.47	0.38	0.67	170.00	—	—	—	—	—	—
133	4	39.5%	0.24	0.00	0.69	175.00	0.00	0.00	46.00	—	—	0
35	1	49.2%	0.14	0.00	1.28	180.00	—	—	—	—	—	—
53	1	38.9%	0.11	0.12	0.29	185.00	—	—	—	—	—	—
56	1	40.7%	0.10	0.03	0.26	190.00	—	—	—	—	—	—
0	1	51.6%	1.37	0.01	0.71	195.00	—	—	—	—	—	—
105	1	54.1%	0.06	0.02	0.70	200.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the COP put/call ratio based on open interest is 0.81 (23,172 puts vs 28,689 calls), and 0.54 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 December 18, 2026 is about 31.9%, 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.