CONOCOPHILLIPS (COP) Options Statistics & Positioning

CONOCOPHILLIPS (COP) options trade at a 30-day at-the-money implied volatility of 36.6%, an IV rank of 70 out of 100 over the past year. The options market prices a ±$15.21 (±11.3%) move in COP for the front expiration. Max pain sits at $120 and the put/call open interest ratio is 0.71. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$134.14

52-week range

$85.66 – $140.90

ATM IV (30d)

36.6%

IV rank

70 / 100

High

Expected move

±$15.21 (±11.3%)

Put/call OI

0.71

Call-heavy

Max pain

$120

↓ 10.5% below close

Next earnings

Nov 2, 2026

What's COP's IV rank right now?Where's the max pain for COP?Explain what gamma exposure means for COP.

Most Active COP Contracts

Contract	Expiration	DTE	Last	IV	Volume
COP $145 call	Nov 20, 2026	42d	$2.00	31.0%	2,854
COP $135 call	Oct 16, 2026	7d	$1.73	28.5%	493
COP $140 call	Oct 30, 2026	21d	$1.83	30.6%	485
COP $195 call	Sep 17, 2027	343d	$2.91	32.0%	252
COP $135 put	Sep 17, 2027	343d	$15.20	31.2%	188

See all active COP contracts →

Explore COP Options Statistics

COP Implied Volatility

36.6% ATM IV (30d)

An IV rank of 70 places implied volatility near the top of its 52-week range.

Full implied volatility analysis →

COP Open Interest

0.71 put/call OI ratio

171,294 calls and 122,010 puts outstanding across all expirations.

Full open interest analysis →

COP Max Pain

$120 max pain

10.5% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

COP Gamma Exposure

$3.32B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

COP Options Volume

8,755 contracts traded

Put/call volume ratio 0.25 — plus contracts running far above their usual volume.

Full volume & flow analysis →

COP Most Active Options

$145 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 ±$15.21 (±11.3%) 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 ±$15.21 (±11.3%) 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.