Marathon Oil’s implied volatility
Marathon Oil’s (MRO) 30-day implied volatility was 33.5% as of September 18—slightly below the 15-day average of 34.6%. Apache (APA) and Continental Resources (CLR) have implied volatilities of 30.7% and 31.6%, respectively. In comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has an implied volatility of 25.6%.
Marathon Oil’s price forecast
Based on Marathon Oil’s current implied volatility, the stock might trade in the range of $20.50–$22.50 in the next seven days. The stock is expected to trade within this range with a 60% probability. The forecast assumes a standard deviation of one and a normal distribution of prices.