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Whiting Petroleum (WLL) Trading Near $24.61 Resistance Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Whiting Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/WLL">WLL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $18 covered call for a net debit in the $16.06 area. That is also the break-even stock price for the covered call. This trade will return 12.07%, or 23.20% annualized (for comparison purposes only), in 190 days. This covered call also provides 31.68% downside protection. The current 52-week low is $15.88 and the 52-week high is $53.48. Whiting Petroleum stock has been showing support around $22.77 and resistance in the $24.61 range. The stock closed Dec 6, 2017's trading session at $23.51.A

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