Changes in Whiting Petroleum’s Implied Volatility

Whiting Petroleum’s (WLL) current implied volatility is ~63%, which is ~7% lower than its 15-day average of ~68%. 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 its peers.

Whiting Petroleum’s peers Apache (APA), Concho Resources (CXO), and Newfield Exploration (NFX) have implied volatilities of ~28.3%, 21.3%, and ~19.15%, respectively. These companies make up ~4% of the Energy Select Sector SPDR ETF (XLE).