ConocoPhillips (NYSE: COP) is recently trading up 85 cents to $93.17.
WTI crude oil futures are recently up 0.18% to $133.41 according to Bloomberg.
COP overall option implied volatility of 31 is near its 26-week average according to Track Data, suggesting non-directional movement.
Volatility Index S&P 500 Options-VIX up 27c to 18.26.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com