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Potential Par Petroleum Corp (PARR) Trade Targets 7.49% Return

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Par Petroleum Corp (<a href="http://www.marketintelligencecenter.com/symbol/PARR">PARR</a>) could yield about 7.49% (14.32% annualized, for comparison purposes only) in 191 days. Pair a long position in the stock with the Dec 21, 2018 $17.50 call for a net debit of about $16.27. This position also has 9.95% downside protection. Par Petroleum Corp closed at $18.07 Jun 12, 2018. Technical indicators for PARR are bearish and support and resistance have been about $17.81 and $18.55, respectively.A

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