How Chesapeake Energy’s Implied Volatility Has Changed



CHK’s implied volatility

Chesapeake Energy’s (CHK) current implied volatility is 61.0%, which is ~5.2% lower than its 15-day average of ~58.0%. As we can see in the graph below, CHK’s implied volatility has fallen significantly since last year.

However, CHK’s implied volatility is still higher than the energy sector. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 17.0%.

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CHK’s peers

Noble Energy (NBL) and Cabot Oil & Gas (COG) have implied volatilities of 33.0% and 29.4%, respectively.

All these companies make up 14.5% of the First Trust ISE-Revere Natural Gas ETF (FCG).

Implied volatility is an estimate of a stock’s volatility in the market. In a bearish market, implied volatility is likely to rise. In a bullish market, the opposite would be true.


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