Oasis Petroleum’s implied volatility
On February 6, 2017, Oasis Petroleum’s (OAS) implied volatility was ~52.5%, which was ~2% higher than its 15-day average of ~51.5%.
Forecasting Oasis Petroleum’s stock price range
Based on Oasis Petroleum’s (OAS) implied volatility and assuming a normal distribution of stock prices and a standard deviation of 1, with a probability of 68.2%, OAS’s stock could close between $12.81–$14.81 in the next seven days.
In the next part of this series, we’ll look at analysts’ price targets for Oasis Petroleum for the next 12 months.