Options Traders Take Note: WLL’s Implied Volatility Is Rising



Whiting Petroleum’s implied volatility

Whiting Petroleum’s (WLL) current implied volatility is ~80%, which is ~1.8% higher than its 15-day average of 78%. Whiting’s implied volatility has fallen significantly since the start of 2016. On February 2, it was as high as ~187%, but it remains quite high compared to that of peers.

Notably, Whiting Petroleum’s peers Apache (APA), Concho Resources (CXO), and Newfield Exploration (NFX) have implied volatilities of ~34.2%, 31%, and ~34.5%, respectively. These companies make up ~3.6% of the Energy Select Sector SPDR ETF (XLE).

Now let’s take a look at Whiting’s institutional investors.

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