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Potential Whiting Petroleum (WLL) Trade Has 21.03% Downside Protection

Mar 06, 2018 ( via COMTEX) --

Whiting Petroleum (<a href="">WLL</a>) closed Mar 5, 2018 at $29.47 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 $18 call and a short position in the Sep 21, 2018 $27 call for a net debit of about $7.14. This trade has an assigned return of 25.87% and 14.68% downside protection. For more a more conservative play, look at a covered call using the Sep 21, 2018 $27 call for a $7.14 net debit. This trade has an assigned return of 15.97% but the downside protection increases to 21.03%. Over the last 52 weeks the stock has traded between $15.88 and $43.56.A

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