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Potential Callon Petroleum (CPE) Trade Could Hit 13.37% Return

Sep 13, 2017 ( via COMTEX) --

After Sep 12, 2017aEUR(TM)s trading in Callon Petroleum (<a href="">CPE</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 13.37% return, or 22.29% annualized (for comparison purposes only), while providing 15.75% downside protection. The trade is a Apr 20, 2018 covered call at the $10 level for a net debit of about $8.82. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Callon Petroleum. Technical indicators for the stock have been bearish and support and resistance have been in the area of $9.87 and $10.96, respectively.

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