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Upstream Stocks with High and Low Implied Volatility

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Jun. 20 2016, Published 2:47 p.m. ET

High implied volatility

As of June 17, 2016, Triangle Petroleum (TPLM) had the highest implied volatility among upstream stocks.

  • The company’s implied volatility was 225.5.
  • Its 15-day average implied volatility was 232.5.
  • Its current volatility is ~4.3% below its 15-day average. 
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Now let’s take a look at the volatility of other upstream stocks as of June 17.

  • EXCO Resources (XCO): implied volatility of 130.1, or 18.3% less than its 15-day average
  • Rex Energy (REXX): implied volatility of 132.2, or 24.1% less than its 15-day average
  • Approach Resources (AREX): implied volatility of 116.8, or 8.7% more than its 15-day average
  • California Resources (CRC): implied volatility of 125.4, or 23.1% less than its 15-day average 

Low implied volatility

On June 17, 2016, EQT (EQT) had the lowest implied volatility among upstream stocks.

  • Its implied volatility was 31.1.
  • Its 15-day average implied volatility was 30.1.
  • Its current implied volatility was 3.1% more than its 15-day average.

Let’s look at some other upstream stocks with low implied volatility as of June 17.

  • EOG Resources (EOG): implied volatility of 32.9, or 9.8% more than its 15-day average
  • Pioneer Natural Resources (PXD): implied volatility of 35.4, or 10.1% more than its 15-day average
  • Cimarex Energy (XEC): implied volatility of 36.3, or 3.7% more than its 15-day average
  • Noble Energy (NBL): implied volatility of 37.6, or 3.5% more than its 15-day average
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