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Anadarko Petroleum (APC) Showing Bearish Technicals With Support At $62.37

Apr 17, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center Aare highlighting two trades on Anadarko Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/APC">APC</a>) today after it closed at $63.45 on Apr 16, 2018. For more conservative investors, look at a covered call using the May 18, 2018 $62.50 call for a net debit of about $60.46. This trade will return 3.37% (39.72% annualized, for comparison purposes only) as long as the stock closes above $62.50 at expiration. Anadarko Petroleum can fall 4.72% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $40 call taking the place of the long stock position and the same short position in the May 18, 2018 $62.50 call. This trade only costs about $21.50 to get into and the rate of return increases to 4.65% (39.72% annualized, for comparison purposes only) but the downside protection falls to 3.08%.

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