ConocoPhillips (COP) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
ConocoPhillips (COP) operates in the Energy sector, specifically the Oil & Gas Exploration & Production industry, with a market capitalization near $143.03B, listed on NYSE, employing roughly 11,800 people, carrying a beta of 0.15 to the broader market. ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Led by Ryan Lance, public since 1981-12-31.
Snapshot as of May 15, 2026.
- Spot Price
- $122.41
- Total OI
- 390.3K
- Total Volume
- 25.6K
- Front Expiration
- 28 days
- Second Expiration
- 34 days
- ATM IV
- 33.4%
- Avg Bid/Ask Spread
- 34.44%
As of May 15, 2026, ConocoPhillips (COP) has 390.3K open contracts and 25.6K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 33.4%. Average bid/ask spread across the chain is 34.44%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How COP options chain Data Feeds Strategy Selection
Strategy selection on ConocoPhillips options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 33.4% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how the options chain is reported and how to read the data →
COP most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $131.00 | May 22, 2026 | 4.2K | 368 | 35.1% | $0.14 | $0.28 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked COP options chain questions
- What does the COP options chain show right now?
- As of May 15, 2026, ConocoPhillips (COP) has 390.3K contracts outstanding and 25.6K traded today, with ATM IV of 33.4%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for COP options?
- The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are COP options bid/ask spreads?
- Average bid/ask spread across the chain is 34.44%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.