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Potential Dell Technologies Inc. Cl V (DVMT) Trade Has 2.98% Downside Protection

Sep 12, 2017

Potential Dell Technologies Inc. Cl V (DVMT) Trade Has 2.98% Downside Protection

Sep 12, 2017 (Marketintelligencecenter.com via COMTEX News Network) -- For a hedged play on Dell Technologies Inc. Cl V (DVMT), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 20, 2017 $75 covered call for a net debit in the $73.20 area. That is also the break-even stock price for the covered call. This trade will return 2.44%, or 23.48% annualized (for comparison purposes only), in 38 days. This covered call also provides 2.98% downside protection. The current 52-week low is $46.64 and the 52-week high is $75.61. Dell Technologies Inc. Cl V stock has been showing support around $74.56 and resistance in the $76.06 range. The stock closed Sep 11, 2017's trading session at $75.45.A

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SOURCE: Comtex

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