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Forecasting ConocoPhillips’s Stock Price Up until July 6

Nicholas Chapman
Forecasting ConocoPhillips’s Stock Price Up until July 6

Due to its stock price rising ~2.7% last week, ConocoPhillips (COP) implied volatility fell from ~26.6% to ~26.4%, marginally lower than its implied volatility of ~26.5% on March 30. Based on ConocoPhillips’s implied volatility, assuming a normal price distribution, 365 days in a year, and standard deviation of one, its stock could stay between $67.08 and $72.16 for 68% of the time up until July 6. On June 29, COP closed at $69.62.