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What Does Whiting Petroleum’s Implied Volatility Show?

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Nov. 20 2020, Updated 12:05 p.m. ET

Whiting Petroleum’s implied volatility

Whiting Petroleum’s (WLL) current implied volatility is ~69.3%—6.7% lower than its 15-day average.

In comparison, Whiting Petroleum’s peers Oasis Petroleum (OAS) and Apache (APA) have implied volatilities of ~59% and ~31%, respectively.

To learn more about Oasis Petroleum and Apache’s performance in 2Q17, read Oasis Petroleum’s 2Q17 Results: Close to Expectations and Why Apache Stock Fell on 2Q17 Results.

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Stock price range forecast for next week

Based on Whiting Petroleum’s implied volatility of ~69.3%, we can forecast that its stock could close between $4.74 and $5.76 in the next seven days. The price range is based on the assumption that prices are normally distributed with a standard deviation of one (or a probability of ~68%).

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