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Potential Canadian Natural Resources (CNQ) Trade Has 5.29% Downside Protection

Sep 13, 2017 (Marketintelligencecenter.com via COMTEX) --

Canadian Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/CNQ">CNQ</a>) closed Sep 12, 2017 at $32.13 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Canadian Natural Resources for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $18 call and a short position in the Dec 15, 2017 $32 call for a net debit of about $12.65. This trade has an assigned return of 10.67% and 4.60% downside protection. For more a more conservative play, look at a covered call using the Dec 15, 2017 $32 call for a $12.65 net debit. This trade has an assigned return of 5.15% but the downside protection increases to 5.29%. Over the last 52 weeks the stock has traded between $27.52 and $35.28.A

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