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Marathon Petroleum (MPC) Trading Near $70.73 Resistance Level

Nov 09, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Marathon Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/MPC">MPC</a>) today after it closed at $67.69 on Nov 8, 2018. For more conservative investors, look at a covered call using the Dec 21, 2018 $67.50 call for a net debit of about $64.60. This trade will return 4.48% (39.01% annualized, for comparison purposes only) as long as the stock closes above $67.50 at expiration. Marathon PetroleumAcan fall 4.57% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 17, 2020 $32.50 call taking the place of the long stock position and the same short position in the Dec 21, 2018 $67.50 call. This trade only costs about $33.49 to get into and the rate of return increases to 4.47% (39.01% annualized, for comparison purposes only) but the downside protection falls to 2.51%.

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