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Par Petroleum Corp (PARR) Showing Support Near $16.10

Nov 09, 2018 ( via COMTEX) --

After Nov 8, 2018aEUR(TM)s trading in Par Petroleum Corp (<a href="">PARR</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 7.06% or 11.51% (for comparison purposes only), while providing 15.90% downside protection. The trade is a Jun 21, 2019 covered call at the $15 level for a net debit of about $14. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $16.10 and $17.60, respectively.

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