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Returns for OFS Stocks with High and Low Implied Volatility

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Dec. 4 2020, Updated 10:53 a.m. ET

Returns of OFS stocks with high implied volatility

As we saw in the previous part, SeaDrill (SDRL) has the highest implied volatility figures among all of the OFS (oilfield services) companies. Seadrill has lost 14.9% on a YTD (year-to-date) basis. However, in the last five days, it has gained 9.3%.

Tidewater (TDW), Weatherford International (WFT), CARBO Ceramics (CRR), and Noble (NE) have returned -37.8%, -33.1%,-28.1%, and -20.9% on a YTD basis, respectively. The five-day returns for these stocks were 26.10%, 11.30%, 8.8%, and 0.6%, respectively.

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Returns of OFS stocks with low implied volatility

Schlumberger (SLB) had the lowest implied volatility figures among all of the OFS companies on May 31, 2016, as we saw in the previous part. Schlumberger has returned 9.4% on a YTD basis. In the last five trading days, it rose 2.4%.

Halliburton (HAL) , FMC Technologies (FTI), Core Laboratories NV (CLB), and Baker Hughes (BHI) have returned 23.9%, -6.1%, 11.50%, and 0.49%, respectively, on a YTD basis. The five-day returns for these stocks were 2.2%, 0.66%, 1.8%, and 3.7%, respectively.

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