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Potential Northwest Natural Gas (NWN) Trade Has 3.35% Downside Protection

Dec 06, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Northwest Natural Gas (<a href="http://www.marketintelligencecenter.com/symbol/NWN">NWN</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Jan 18, 2019 $65 covered call for a net debit in the $63.28 area. That is also the break-even stock price for the covered call. This trade will return 2.68%, or 22.78% annualized (for comparison purposes only), in 43 days. This covered call also provides 3.35% downside protection. The current 52-week low is $51.50 and the 52-week high is $71.81. Northwest Natural Gas stock has been showing support around $63.04 and resistance in the $69.68 range. The stock closed Dec 5, 2018's trading session at $65.50. Technical indicators for the stock are bearish and S&P gives NWN a 2 STARS (out of 5) sell ranking.

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