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ConocoPhillips put volume heavy and directionally bearish
The Fly

ConocoPhillips put volume heavy and directionally bearish

Bearish flow noted in ConocoPhillips with 7,149 puts trading, or 1.1x expected. Most active are Feb-23 50 puts and Mar-23 120 puts, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 1.54, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 2nd.

Published first on TheFly

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