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COP $118.00 Cash-Secured Put

ConocoPhillips (Energy) • Expiring 2026-11-06 (30 days to expiration) • OCC: COP261106P00118000

Annualized Yield
22.2%
$2.15 bid / share ($215 gross premium)
Downside Cushion
10.0%
$115.85 break-even vs $131.10 spot
Cash Collateral
$11,800
100 shares at $118.00 strike

Assignment Risk & Payoff Reality

If COP closes below $118.00 on Nov 6, 2026, you'll buy 100 shares at $118.00, effectively $115.85 after the income. Losses grow the further it falls.

Downside cushion measures distance from current spot to strike price. It does not provide capital protection or guarantee against sudden downside movements.

Publication Provenance & Verification

Published: 2026-10-07 09:46 ET (2026-10-07T13:46:34.402131+00:00)

Algorithm Score: 72.7 / 100

Earnings Timing: BEFORE_EXPIRY

Underlying Spot: $131.10 at snapshot

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