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Whiting petroleum option volatility
Posted on 8/10/20 at 1:57 pm
Posted on 8/10/20 at 1:57 pm
I purchased a thousand bucks worth of WLL at .90 per share this morning at open on a gamble doing nothing but picking a stock in the energy sector... it jump ~9% today so I start to dig and read an article about it has a lot of option movement around $1.50 Sep 18... I am really new to this so my ignorant view is “they” thinks it’s going up substantially or about to tank.. I understand shale oil is in a pinch but this stock is trading at roughly 15% its value of the beginning of the year... what are everyone’s thoughts on should I take my little $100 gain and bail or double down and ride this thing out??
Posted on 8/10/20 at 2:04 pm to Hotgin
Seems really risky to invest in a bankrupt oil company
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