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Potential Par Petroleum Corp (PARR) Trade Could Hit 5.29% Return

May 16, 2018 ( via COMTEX) --

For a hedged play on Par Petroleum Corp (<a href="">PARR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 21, 2018 $17.50 covered call for a net debit in the $16.62 area. That is also the break-even stock price for the covered call. This trade will return 5.29%, or 8.82% annualized (for comparison purposes only), in 219 days. This covered call also provides 5.94% downside protection. The current 52-week low is $15.90 and the 52-week high is $21.94. Par Petroleum Corp stock has been showing support around $17.24 and resistance in the $18.16 range. The stock closed May 15, 2018's trading session at $17.67.A

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