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Potential Natural Resource Partners LP (NRP) Trade Has 4.44% Downside Protection

Mar 07, 2018 ( via COMTEX) --

For a hedged play on Natural Resource Partners LP (<a href="">NRP</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $30 covered call for a net debit in the $29 area. That is also the break-even stock price for the covered call. This trade will return 3.44%, or 28.60% annualized (for comparison purposes only), in 44 days. This covered call also provides 4.44% downside protection. The current 52-week low is $22.81 and the 52-week high is $40.90. Natural Resource Partners LP stock has been showing support around $29.29 and resistance in the $30.88 range. The stock closed Mar 6, 2018's trading session at $30.35.A

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