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Whiting Petroleum (WLL) Showing Bearish Technicals With Support At $24.31

Dec 04, 2017 ( via COMTEX) --

Whiting Petroleum (<a href="">WLL</a>) closed Dec 1, 2017 at $25.85 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Whiting Petroleum for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $13 call and a short position in the Jun 15, 2018 $20 call for a net debit of about $6.54. This trade has an assigned return of 6.87% and 24.39% downside protection. For more a more conservative play, look at a covered call using the Jun 15, 2018 $20 call for a $6.54 net debit. This trade has an assigned return of 11.98% but the downside protection increases to 30.92%. Over the last 52 weeks the stock has traded between $15.88 and $53.48.A

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