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

After hours: 134.10 0.00%

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 469
Share price: $134.10
Put/call ratio (OI): 0.98
Put/call ratio (volume): 0.56
ATM implied volatility: 32.6%
Expected move: ±$49.57
Open interest (C / P): 5.12K / 5.00K

COP options summary

The COP options chain for the January 21, 2028 expiration lists 38 call and 38 put contracts, with 469 days until expiration. Open interest stands at 5,116 calls and 4,998 puts, a put/call ratio of 0.98, which is fairly balanced between calls and puts. At-the-money implied volatility near the $135.00 strike is 32.6%, which implies the market expects a move of about ±$49.57 (37.0%) in ConocoPhillips stock by expiration.

The most open interest sits at the $135.00 call (872 contracts) and the $90.00 put (577 contracts).

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

COP options chain · January 21, 2028

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
0	48	—	69.20	72.00	76.50	45.00	0.00	4.50	0.60	69.9%	1	63
8	20	—	67.75	69.50	74.00	47.50	0.00	0.00	0.25	25.0%	61	0
0	4	—	77.02	63.50	68.50	50.00	0.00	0.93	0.50	52.2%	15	65
0	1	59.3%	67.00	76.50	81.50	55.00	0.00	0.00	0.70	12.5%	20	0
34	2	57.1%	77.60	72.00	77.00	60.00	0.00	0.00	0.86	12.5%	15	0
24	5	—	62.48	50.05	53.90	65.00	0.27	1.30	0.71	42.6%	6	81
50	28	47.1%	56.85	64.00	66.85	70.00	0.57	1.01	0.90	36.7%	12	440
22	6	44.6%	53.45	59.00	62.20	75.00	0.00	3.15	1.52	44.8%	1	209
14	22	—	48.05	43.95	47.45	77.50	0.00	0.00	2.00	12.5%	9	0
113	3	42.8%	57.24	55.50	57.75	80.00	1.46	1.80	1.90	34.8%	1	261
50	2	—	46.30	40.50	44.00	82.50	1.70	2.06	2.28	34.3%	1	18
83	8	41.7%	47.39	51.15	53.55	85.00	1.96	2.35	3.05	33.9%	1	574
18	2	—	38.95	29.50	31.90	87.50	2.31	3.40	5.10	36.2%	5	44
92	14	43.7%	43.58	47.00	50.50	90.00	2.57	3.00	3.11	33.0%	10	577
98	2	40.3%	49.45	44.00	47.50	92.50	2.76	3.40	3.35	32.7%	1	20
0	1	—	40.55	0.00	0.00	95.00	3.30	3.90	3.60	32.6%	1	114
209	1	42.5%	37.55	40.00	44.90	97.50	3.75	4.40	4.65	32.3%	2	166
124	2	39.4%	44.90	38.50	41.95	100.00	4.10	4.95	5.22	32.0%	32	298
162	3	38.3%	30.81	35.05	38.25	105.00	5.35	6.10	5.80	31.4%	19	452
142	1	38.0%	33.09	32.55	35.00	110.00	6.70	7.45	7.00	30.7%	39	561
126	1	37.5%	30.57	29.30	31.85	115.00	8.20	9.25	10.55	30.6%	1	161
337	1	36.7%	27.70	26.40	28.75	120.00	9.80	10.65	12.55	29.3%	4	84
151	11	36.3%	20.84	23.40	26.00	125.00	11.85	13.50	14.95	30.3%	104	516
147	1	36.2%	19.55	20.50	23.60	130.00	13.95	15.50	17.55	29.4%	2	224
COP $134.10
872	79	35.8%	17.15	17.50	21.20	135.00	16.50	18.30	15.52	29.4%	2	42
463	31	34.9%	17.40	16.85	18.70	140.00	19.15	20.75	24.20	28.6%	1	19
244	234	34.6%	16.00	14.95	16.70	145.00	0.00	0.00	37.25	—	2	0
240	50	34.4%	10.56	13.40	14.90	150.00	0.00	0.00	34.35	—	2	0
430	2	34.2%	12.50	12.10	13.30	155.00	0.00	0.00	34.00	—	2	0
204	13	34.0%	9.19	10.35	11.80	160.00	31.60	33.55	32.10	26.7%	1	2
96	1	34.0%	8.90	9.20	10.60	165.00	0.00	0.00	43.90	—	2	0
199	3	33.7%	6.32	8.05	9.35	170.00	0.00	0.00	44.54	—	—	0
20	3	33.6%	5.73	7.15	8.30	175.00	56.00	60.00	62.80	52.4%	2	1
58	3	33.6%	5.27	6.30	7.40	180.00	0.00	0.00	57.00	—	5	0
0	10	6.3%	4.58	0.00	0.00	185.00	51.10	53.65	60.29	24.8%	10	4
37	12	33.4%	6.80	4.90	5.80	190.00	0.00	0.00	64.05	—	—	0
19	1	33.7%	5.80	4.45	5.30	195.00	74.50	78.20	72.75	53.1%	—	0
230	67	33.6%	2.93	3.90	4.70	200.00	79.00	82.95	79.35	53.9%	2	2

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 January 21, 2028 expiration, the COP put/call ratio based on open interest is 0.98 (4,998 puts vs 5,116 calls), and 0.56 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 January 21, 2028 is about 32.6%, an annualized estimate of how much the market expects ConocoPhillips stock to move.

How many COP option expiration dates are there?

COP has 18 listed expiration dates, from Oct 9, 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.