Upstream Stocks with High and Low Implied Volatilities

On July 25, 2016, Halcón Resources (HK) had the highest implied volatility among the upstream stocks. HK’s implied volatility was ~782.1%, which is ~699% more than its 15-day average of 97.9%.

Now let’s take a look at the implied volatilities of other upstream stocks on July 25:

• Bonanza Creek Energy (BCEI) had an implied volatility of ~192.4%, which is ~30.9% more than its 15-day average
• Stone Energy (SGY) had an implied volatility of ~176.1%, which is 33.9% lower than its 15-day average
• Comstock Resources (CRK) had an implied volatility of ~174.4%, which is ~0.73% lower than its 15-day average
• Rex Energy (REXX) had an implied volatility of 150.5%, which is ~7.6% lower than its 15-day average

On July 25, EOG Resources (EOG) had the lowest implied volatility among the upstream stocks. Its implied volatility was ~30.31%, which is ~3.3% more than its 15-day average of ~29.33%.

Let’s look at some other upstream stocks with low implied volatilities on July 25:

• EQT Corporation (EQT) had an implied volatility of ~31.3%, which is ~6.0% lower than its 15-day average
• Pioneer Natural Resources (PXD) had an implied volatility of ~32.4%, which is 4.1% lower than its 15-day average
• ConocoPhillips (COP) had an implied volatility of ~32.7%, which is 4.5% lower than its 15-day average
• Diamondback Energy (FANG) had an implied volatility of ~33.2%, which is 1.1% lower than its 15-day average

In the next part of this series, we’ll look at the returns of some upstream stocks with high and low implied volatilities.