Energy
COP
ConocoPhillips
Income from ConocoPhillips (COP) with covered calls and cash secured puts. Largest independent E&P with strong dividend.
Monthly Premium1.5-2.5%
Annualized Return18-30%
Stock Price$105-125
IV RankModerate (35-50)
Options LiquidityGood
Dividend Yield2.8%
Why COP for Covered Calls & Cash Secured Puts?
COP is the largest independent oil producer with strong capital returns. Variable dividend plus fixed dividend structure. Well-managed balance sheet.
Example Covered Call Trade
COPCovered Call
Strike Price$125 (7% OTM)
Expiration30 days
Premium$2.50 per share
Return If Flat2.1% ($250)
Return If Called9.1% ($1,070) + dividend
Keep Probability70% keep shares
Recommended Strategy for COP
Sell calls 6-8% OTM to capture premium plus dividend. Good oil producer for income.
Risks to Consider
- Oil price dependency
- Exploration risks
- Energy transition pressure
- International exposure
Analyze COP Covered Calls Now
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