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Marathon Petroleum (MPC) Trading Near $63.97 Resistance Level

Dec 04, 2017 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Jan 19, 2018 $62.50 call for a couple of hedged-trading ideas on Marathon Petroleum (<a href="">MPC</a>). A traditional covered call on Marathon Petroleum yields 2.99% (23.78% annualized, for comparison purposes only) and provides 3.43% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 18, 2019 $30 call and then selling the Jan 19, 2018 $62.50 call for a net debit of $30.89. This trade has a potential return of 5.20% (23.78% annualized, for comparison purposes only), but also carries a greater potential for losses.

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