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Potential Marathon Petroleum (MPC) Trade Has 4.31% Downside Protection

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

For a hedged play on Marathon Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/MPC">MPC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 20, 2017 $52.50 covered call for a net debit in the $51.45 area. That is also the break-even stock price for the covered call. This trade will return 2.04%, or 20.13% annualized (for comparison purposes only), in 37 days. This covered call also provides 4.31% downside protection. The current 52-week low is $39.29 and the 52-week high is $56.81. Marathon Petroleum stock has been showing support around $53.04 and resistance in the $54.84 range. The stock closed Sep 12, 2017's trading session at $53.77.A

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