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Potential Whiting Petroleum (WLL) Trade Has 32% Downside Protection

Feb 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Whiting Petroleum (<a href="">WLL</a>) could yield about 22.24% (23.60% annualized, for comparison purposes only) in 344 days. Pair a long position in the stock with the Jan 18, 2019 $20 call for a net debit of about $16.35. This position also has 32% downside protection. Whiting Petroleum closed at $24.05 Feb 7, 2018. Technical indicators for WLL are bearish and support and resistance have been about $22.31 and $27.55, respectively.A

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