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: May 21, 2027
Days to expiration: 224
Share price: $134.10
Put/call ratio (OI): 0.86
Put/call ratio (volume): 0.30
ATM implied volatility: 35.6%
Expected move: ±$37.40
Open interest (C / P): 165 / 142

COP options summary

The COP options chain for the May 21, 2027 expiration lists 8 call and 7 put contracts, with 224 days until expiration. Open interest stands at 165 calls and 142 puts, a put/call ratio of 0.86, which is fairly balanced between calls and puts. At-the-money implied volatility near the $135.00 strike is 35.6%, which implies the market expects a move of about ±$37.40 (27.9%) in ConocoPhillips stock by expiration.

The most open interest sits at the $150.00 call (59 contracts) and the $135.00 put (53 contracts).

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

COP options chain · May 21, 2027

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
—	—	—	—	—	—	85.00	0.54	0.79	1.09	37.3%	1	12
—	—	—	—	—	—	95.00	0.82	1.91	1.82	37.3%	1	1
—	—	—	—	—	—	100.00	1.55	2.17	1.91	34.4%	1	25
—	—	—	—	—	—	105.00	2.15	3.25	2.31	34.8%	1	11
1	1	42.1%	28.51	27.35	30.80	110.00	—	—	—	—	—	—
6	1	39.9%	19.40	24.20	26.85	115.00	—	—	—	—	—	—
8	3	36.1%	18.90	17.35	19.55	125.00	6.60	9.85	11.95	34.5%	9	11
40	—	38.3%	13.25	14.25	17.90	130.00	9.55	11.05	13.50	31.6%	1	29
COP $134.10
13	10	37.7%	11.05	11.65	15.35	135.00	11.30	14.50	16.35	33.5%	—	53
4	—	36.1%	8.20	9.55	12.65	140.00	—	—	—	—	—	—
34	30	34.7%	7.88	8.60	10.25	145.00	—	—	—	—	—	—
59	1	34.7%	8.00	6.35	8.70	150.00	—	—	—	—	—	—

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 May 21, 2027 expiration, the COP put/call ratio based on open interest is 0.86 (142 puts vs 165 calls), and 0.30 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 May 21, 2027 is about 35.6%, 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.