Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

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

Dec 04, 2017 (Marketintelligencecenter.com via COMTEX) --

Whiting Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/WLL">WLL</a>) closed Dec 1, 2017 at $25.85 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com'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

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.30
Nat Gas 2.603
Corn 347
Cotton #2 76.27
Gold 1257.2
Copper 3.1300
Euro 1.17785
USD Index 93.825
SP500 E-mini 2678.50
DJIA E-mini 24680
close_icon
open_icon