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 Canadian Natural Resources (CNQ) Trade Has 6.59% Downside Protection

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

After Dec 4, 2017aEUR(TM)s trading in Canadian Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/CNQ">CNQ</a>) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 4.45% return or 16.09% on an annualized basis (for comparison purposes only), while providing 6.59% downside protection. The trade is a Mar 16, 2018 covered call at the $34 level for a net debit of about $32.55. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $18 level. By buying the call for $17.10 instead of paying about $34.84 for the stock, the assigned return rate for this alternate trade is 8.10%, but the stock has to finish above $32.79 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 5 STARS (out of 5) strong buy ranking on Canadian Natural Resources. Technical indicators for the stock have been bearish and support and resistance have been in the area of $34.28 and $35.74, respectively.

(C) Copyright 2017, 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 57.12
Nat Gas 2.834
Corn 351 4/8
Cotton #2 73.44
Gold 1251.5
Copper 2.9810
Euro 1.17875
USD Index 93.780
SP500 E-mini 2653.50
DJIA E-mini 24348
close_icon
open_icon