CONOCOPHILLIPS (COP) Most Active Options
The 25 most actively traded CONOCOPHILLIPS (COP) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active COP Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| COP $120 put | Jan 15, 2027 | 144d | $4.34 | 0.0% | 0 | 1.00 | 1,633 | 738 | 29.5× avg |
| COP $131 put | Aug 28, 2026 | 4d | $0.83 | 0.0% | 0 | 1.00 | 213 | 736 | 10.9× avg |
| COP $130 put | Aug 28, 2026 | 4d | $0.56 | 34.7% | 7 | -0.21 | 806 | 444 | 6.6× avg |
| COP $135 call | Sep 18, 2026 | 25d | $3.59 | 29.4% | 37 | 0.47 | 2,564 | 370 | 24.6× avg |
| COP $135 put | Sep 18, 2026 | 25d | $4.60 | 29.4% | 4 | -0.53 | 754 | 349 | 11.8× avg |
| COP $95 put | Dec 17, 2027 | 480d | $3.90 | — | 15 | — | 306 | 340 | 59.0× avg |
| COP $125 put | Sep 4, 2026 | 11d | $0.41 | 32.2% | 6 | -0.11 | 257 | 305 | 19.8× avg |
| COP $144 call | Aug 28, 2026 | 4d | $0.13 | 37.9% | 12 | 0.03 | 8 | 271 | 7.7× avg |
| COP $140 call | Oct 16, 2026 | 53d | $3.70 | — | 4 | — | 887 | 257 | 17.6× avg |
| COP $125 put | Sep 18, 2026 | 25d | $1.08 | 500.0% | 100 | 0.00 | 1,009 | 214 | 20.8× avg |
| COP $136 call | Aug 28, 2026 | 4d | $0.80 | — | 1 | — | 521 | 207 | 12.6× avg |
| COP $135 put | Oct 16, 2026 | 53d | $6.30 | 29.6% | 72 | -0.50 | 253 | 155 | 4.4× avg |
| COP $125 call | Sep 18, 2026 | 25d | $9.80 | 29.7% | 55 | 0.82 | 3,747 | 136 | 8.1× avg |
| COP $120 put | Sep 18, 2026 | 25d | $0.44 | 0.0% | 0 | 1.00 | 1,142 | 136 | 13.2× avg |
| COP $140 call | Aug 28, 2026 | 4d | $0.22 | 33.3% | 20 | 0.10 | 199 | 126 | 1.2× avg |
| COP $135 put | Aug 28, 2026 | 4d | $2.35 | 500.0% | 100 | 0.00 | 109 | 122 | 1.8× avg |
| COP $150 call | Sep 4, 2026 | 11d | $0.18 | 34.9% | 31 | 0.03 | 20 | 113 | 11.8× avg |
| COP $110 put | Jun 17, 2027 | 297d | $4.95 | 0.0% | 0 | 1.00 | 1,328 | 110 | 17.3× avg |
| COP $145 call | Sep 25, 2026 | 32d | $1.32 | 29.8% | 45 | 0.20 | 39 | 89 | 1.6× avg |
| COP $138 call | Sep 18, 2026 | 25d | $2.44 | 29.1% | 65 | 0.36 | — | 88 | 2.6× avg |
| COP $135 call | Jan 15, 2027 | 144d | $10.25 | 0.0% | 0 | 1.00 | 1,934 | 84 | 11.6× avg |
| COP $135 call | Oct 16, 2026 | 53d | $5.65 | — | 4 | — | 1,559 | 81 | 5.6× avg |
| COP $110 call | Dec 18, 2026 | 116d | $27.20 | 37.3% | 54 | 0.85 | 722 | 76 | 30.1× avg |
| COP $140 call | Nov 20, 2026 | 88d | $5.90 | 0.0% | 0 | 1.00 | 996 | 75 | 2.6× avg |
| COP $137 call | Aug 28, 2026 | 4d | $0.60 | 30.6% | 18 | 0.24 | 165 | 71 | 0.7× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active COP contract today is the $120 put expiring in 144 days, with 738 contracts traded. Calls dominate the most-active list (14 of the top 25), showing where trading interest concentrates. 2 of these contracts are running well ahead of the usual daily volume.
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COP Options FAQ
Which COP option contract is most active today?
The most traded COP contract is the $120 put expiring Jan 15, 2027, with 738 contracts traded as of Aug 24, 2026.
How does OptiView rank the most active COP options?
The table lists the 25 COP contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
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.