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Laredo Petroleum Holdings Inc (LPI) Showing Bearish Technicals With Resistance At $11.24

Dec 05, 2017 ( via COMTEX) --

For a hedged play on Laredo Petroleum Holdings Inc (<a href="">LPI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $9 covered call for a net debit in the $8.10 area. That is also the break-even stock price for the covered call. This trade will return 10.97%, or 17.64% annualized (for comparison purposes only), in 227 days. This covered call also provides 23.56% downside protection. The current 52-week low is $9.55 and the 52-week high is $15.55. Laredo Petroleum Holdings Inc stock has been showing support around $10.24 and resistance in the $11.24 range. The stock closed Dec 4, 2017's trading session at $10.60.A

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