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Whiting Petroleum (WLL) Trading Near $21.16 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Whiting Petroleum (<a href="">WLL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $17 covered call for a net debit in the $14.99 area. That is also the break-even stock price for the covered call. This trade will return 13.40%, or 21.84% annualized (for comparison purposes only), in 224 days. This covered call also provides 33.64% downside protection. The current 52-week low is $15.88 and the 52-week high is $47. Whiting Petroleum stock has been showing support around $21.16 and resistance in the $25.36 range. The stock closed Feb 8, 2018's trading session at $22.59.A

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