Whiting Petroleum calls active following renewed takeover speculation Whiting Petroleum March 50 and April 55 calls are active on total call volume of 5,600 contracts (580 puts) following renewed takeover speculation. March, April and June call option implied volatility of 31 is below its 26-week average of 39 according to Track Data. Active call volume suggests traders are positioning for large price movement.
Whiting Petroleum upgraded to Buy from Neutral at Citi Citi upgraded Whiting Petroleum to Buy and raised its price target for shares to $46 from $35. The firm is positive on shares given the recent capital raises and positive momentum with slickwater fracs.