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Options update 1-24-08: ConocoPhillips volatility elevated as oil at $88.55

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ConocoPhillips (NYSE: COP) closed at $88.25 Wednesday.

Crude oil futures are up 1.79% to $88.55 according to Bloomberg.

Smith Barney has a Hold/Medium risk (2M) rating on COP. Oppenheimer & Co says, "We expect COP shares to perform in line with their peers of major integrated oils."

COP over all option implied volatility of 35 is above its 26-week average of 31 according to Track Data, suggesting larger movement.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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Last updated: November 10, 2009: 10:12 PM

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