U.S. Markets open in 4 hrs 49 mins

ConocoPhillips Stock: Where It Could Settle in the Next 30 Days

Nicholas Chapman
ConocoPhillips Stock: Where It Could Settle in the Next 30 Days

As of April 27, ConocoPhillips (COP) had an implied volatility of ~24.1%, which is lower than its implied volatility of ~26.5% on March 30. After ConocoPhillips’s 1Q18 earnings, the implied volatility decreased from ~27.7% to ~24.1% due to an almost flat stock price in the last two days. Based on ConocoPhillips’s implied volatility of ~24.1%, assuming a normal distribution of prices, 365 days in a year, and a standard deviation of one, ConocoPhillips stock could close between $73.21 and $56.69 in the next 30 calendar days.