Potential Nasdaq Stock Market (NDAQ) Trade Targets 3.44% Return
Feb 03, 2017 (Marketintelligencecenter.com via COMTEX) —
For a hedged play on Nasdaq Stock Market (NDAQ), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 16, 2017 $70 covered call for a net debit in the $67.67 area. That is also the break-even stock price for the covered call. This trade will return 3.44%, or 9.44% annualized (for comparison purposes only), in 133 days. This covered call also provides 4.24% downside protection. The current 52-week low is $57.85 and the 52-week high is $71.92. Nasdaq Stock Market stock has been showing support around $69.46 and resistance in the $71.82 range. The stock closed Feb 2, 2017’s trading session at $70.66.A
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