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 downgraded to Neutral from Buy at BofA/Merrill BofA/Merrill downgraded Continental Resources to Neutral and lowered its price target to $27 from $38. The firm downgraded shares based on potential extended commodity weakness and the impact on investment.