Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

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

May 16, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Par Petroleum Corp (<a href="http://www.marketintelligencecenter.com/symbol/PARR">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

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 72.47
Nat Gas 2.827
Corn 404
Cotton #2 88.69
Gold 1293.7
Copper 3.1180
Euro 1.18370
USD Index 93.290
SP500 E-mini 2738.00
DJIA E-mini 25051
close_icon
open_icon