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Potential Anadarko Petroleum (APC) Trade Has 6.04% Downside Protection

Feb 09, 2018 ( via COMTEX) --

Anadarko Petroleum (<a href="">APC</a>) is a good candidate for a covered call at the $55 level. The Mar 16, 2018 call at that price should fetch a credit of about $3.39, which means the entire position has a net debit of about $52.80. This trade has 4.18% downside protection. Another option would be to buy the APC Jan 18, 2019 $25 call instead of holding a long position in the stock. This lowers the net debit to $28.85, but the position only has 4.18% downside protection. Technical indicators for the stock are bearish and Anadarko Petroleum has a 52-week low of $39.96 and 52-week high of $70.

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