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Potential Whiting Petroleum (WLL) Trade Has 35.11% Downside Protection

Dec 06, 2017 ( via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in Whiting Petroleum (<a href="">WLL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 26.58% or 23.78% (for comparison purposes only), while providing 35.11% downside protection. The trade is a Jan 18, 2019 covered call at the $20 level for a net debit of about $15.80. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $23.57 and $25.71, respectively.

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