Concho Resources’ implied volatility
Concho Resources’ (CXO) current implied volatility is ~28.8%, ~3.3% lower than its 15-day average of 30%.
Concho Resources’ implied volatility has fallen significantly since the start of 2016, when it peaked at 55% in February.
Concho Resources’ peers Oasis Petroleum (OAS) and Whiting Petroleum (WLL) have implied volatilities of 49.4% and 49.2%, respectively. These companies make up 6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).