As of March 17, 2017, ConocoPhillips (COP) had an implied volatility of ~25.7%, which is ~22.8% below its 260-trading-day historical price volatility of ~33.3%.
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Assuming normal distribution of prices (bell curve model) and standard deviation of one, based on its implied volatility of ~25.7%, ConocoPhillips’s stock is expected to close between $47.32 and $44.06 after seven calendar days. Based on the standard statistical formula, ConocoPhillips’s stock will stay in this range ~68% of the time.
As of March 17, 2017, California Resources (CRC), Occidental Petroleum (OXY), and Southwestern Energy (SWN) have implied volatilities of ~77.5%, ~20.8%, and ~54.3%, respectively. The SPDR S&P 500 ETF (SPY) has an implied volatility of ~10.8%.
Implied volatility shows the market’s opinion of the stock’s potential moves, but it doesn’t forecast direction. Implied volatility is derived from the option pricing model. This means the data is theoretical in nature and there is no guarantee these forecasts will be correct.