CONOCOPHILLIPS (COP) Options Statistics & Positioning

CONOCOPHILLIPS (COP) options trade at a 30-day at-the-money implied volatility of 28.9%, an IV rank of 38 out of 100 over the past year. The options market prices a ±$6.71 (±5.0%) move in COP for the front expiration. Max pain sits at $115 and the put/call open interest ratio is 0.72. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$133.58

52-week range

$85.66 – $135.46

ATM IV (30d)

28.9%

IV rank

38 / 100

Low

Expected move

±$6.71 (±5.0%)

Put/call OI

0.72

Call-heavy

Max pain

$115

↓ 13.9% below close

Next earnings

Nov 2, 2026

Most Active COP Contracts

Contract	Expiration	DTE	Last	IV	Volume
COP $120 put	Jan 15, 2027	144d	$4.34	0.0%	738
COP $131 put	Aug 28, 2026	4d	$0.83	0.0%	736
COP $130 put	Aug 28, 2026	4d	$0.56	34.7%	444
COP $135 call	Sep 18, 2026	25d	$3.59	29.4%	370
COP $135 put	Sep 18, 2026	25d	$4.60	29.4%	349

See all active COP contracts →

Explore COP Options Statistics

COP Implied Volatility

28.9% ATM IV (30d)

An IV rank of 38 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

COP Open Interest

0.72 put/call OI ratio

141,875 calls and 101,524 puts outstanding across all expirations.

Full open interest analysis →

COP Max Pain

$115 max pain

13.9% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

COP Gamma Exposure

$1.62B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

COP Options Volume

8,903 contracts traded

Put/call volume ratio 1.35 — plus contracts running far above their usual volume.

Full volume & flow analysis →

COP Most Active Options

$135 top volume strike

The 25 most actively traded COP contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

COP's next expected earnings date is Nov 2, 2026. Options currently price a ±$6.71 (±5.0%) move for the front expiration.

Explore the payoff profile of option on COP for free

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COP Options FAQ

When is COP's next earnings date?

COP's next expected earnings date is Nov 2, 2026. Options currently price a ±$6.71 (±5.0%) move for the front expiration.

How often is COP options data on this page updated?

All COP statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see COP max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated COP pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.