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Potential Whiting Petroleum (WLL) Trade Targets 4.75% Return

Jan 12, 2018 ( via COMTEX) --

For a hedged play on Whiting Petroleum (<a href="">WLL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $26 covered call for a net debit in the $24.82 area. That is also the break-even stock price for the covered call. This trade will return 4.75%, or 27.54% annualized (for comparison purposes only), in 63 days. This covered call also provides 16.48% downside protection. The current 52-week low is $15.88 and the 52-week high is $52.32. Whiting Petroleum stock has been showing support around $27.85 and resistance in the $31.17 range. The stock closed Jan 11, 2018's trading session at $29.71.A

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