Conoco Phillips (COP) is up 79 cents to $35.91 after crude oil gained 53 cents to $40.68. In the options market, volume is running at 2x the average daily after 35.2K COP April 40 calls traded. All of the activity has come in fewer than 820 contracts and seems to include a significant amount of premium buying. ISEE Sentiment data suggest that 61 percent of the calls traded on the ISE are opening customer buys.

2 users commented on " ConocoPhillips (COP) $36.14 +2.88% "
Follow-up comment rss or Leave a TrackbackStansberry Research was out early this morning saying buy April 40 calls in COP up to 1.40 = the reason for the action…although people ran it even higher
Interesting, thanks.