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Potential Ultra Petroleum (UPL) Trade Has 28.50% Downside Protection

Dec 06, 2017 ( via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in Ultra Petroleum (<a href="">UPL</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 15.03% or 13.44% (for comparison purposes only), while providing 28.50% downside protection. The trade is a Jan 18, 2019 covered call at the $7.50 level for a net debit of about $6.51. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $8.84 and $9.64, respectively.

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