ConocoPhillips (COP)
ConocoPhillips Max Pain By Strike
COP trades at $94, pinned near the near-term max pain of $93 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($92-$105), indicating stable market expectations. Key magnetic zone at 95 where 6 expirations converge.
ConocoPhillips Max Pain By Expiry
Max pain for COP shows stable levels around 95.53, reflecting balanced market expectations. The 14% spread signals divergent expectations across timeframes. Levels distributed around 94. Strong magnetic level at 95 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 93 | -1.00 (-1.06%) |
| Aug 29, 2025 | 95 | 1.00 (1.07%) |
| Sep 5, 2025 | 93 | -1.00 (-1.06%) |
| Sep 12, 2025 | 92 | -2.00 (-2.12%) |
| Sep 19, 2025 | 92.5 | -1.50 (-1.59%) |
| Sep 26, 2025 | 93 | -1.00 (-1.06%) |
| Oct 17, 2025 | 92.5 | -1.50 (-1.59%) |
| Nov 21, 2025 | 95 | 1.00 (1.07%) |
| Jan 16, 2026 | 100 | 6.00 (6.39%) |
| Feb 20, 2026 | 95 | 1.00 (1.07%) |
| Mar 20, 2026 | 95 | 1.00 (1.07%) |
| Jun 18, 2026 | 97.5 | 3.50 (3.73%) |
| Sep 18, 2026 | 95 | 1.00 (1.07%) |
| Dec 18, 2026 | 100 | 6.00 (6.39%) |
| Jan 15, 2027 | 95 | 1.00 (1.07%) |
| Dec 17, 2027 | 105 | 11.00 (11.71%) |