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Potential Rice Midstream Partners LP (RMP) Trade Targets 4.82% Return

Dec 05, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Rice Midstream Partners LP (<a href="">RMP</a>). Look at the Jul 20, 2018 $20 covered call for a net debit in the $19.07 area.<br /> <br /> This trade has a duration of 227 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.48% downside protection. If the stock closes at or above $20 at expiration this trade will return 4.82% or 7.75% (for comparison purposes only). <br /> <br /> RMP closed Dec 4, 2017's trading session at $21.07. In the past year, the stock has hit a 52-week low of $16.87 and 52-week high of $26.42. Rice Midstream Partners LP stock has been showing support around $20.43 and resistance in the $22.17 range. Recent technical indicators for the stock are bearish.

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