Is ConocoPhillips Stock at a Peak? - Covered Call COP Plays Look Attractive

Despite the turmoil from the war in Iran, oil prices may be near a peak, at least in the short term. Analysts have pushed up ConocoPhillips (COP) price targets, but COP stock may be at a near-term peak. As a result, selling covered calls may be attractive. COP closed at $127.19 on Monday, March 23, and it's been rising for the past 3 weeks since the Iran war started. But has it peaked? After all, oil prices are now below their peak. More News from Barchart COP - last 3 months - Barchart - March 23 For ...