Someone with a lot of money to spend has taken a bearish stance on ConocoPhillips (NYSE:COP).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Direxion Energy Bear 2X Shares (NYSE: ERY) was trading flat on Friday after a four-day decline saw the ETF retrace 11% off the Sept. 26 high of $51.45.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
A whale with a lot of money to spend has taken a noticeably bearish stance on ConocoPhillips.
Looking at options history for ConocoPhillips (NYSE:COP) we detected 19 strange trades.
The SPDR S&P 500 (NYSE: SPY) traded higher by 0.6% as U.S. investors mostly shrugged off the latest aggressive military actions by Russian President Vladimir Putin.
Someone with a lot of money to spend has taken a bearish stance on ConocoPhillips (NYSE:COP).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
ConocoPhillips (NYSE:COP) has outperformed the market over the past 5 years by 9.01% on an annualized basis producing an average annual return of 18.1%. Currently, ConocoPhillips has a market capitalization of $143.52 billion.