Potential Teradata Corporation (TDC) Trade Has 9.70% Downside Protection
Sep 13, 2017 (Marketintelligencecenter.com via COMTEX News Network) -- MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Teradata Corporation (TDC). Look at the Jan 19, 2018 $30 covered call for a net debit in the $28.83 area. This trade has a duration of 128 days. The break-even point of this trade is the same as the net debit, which gives this trade 9.70%. If the stock closes at or above $30 at expiration this trade will return 4.02% or 11.46% (for comparison purposes only). TDC closed Sep 12, 2017's trading session at $31.94. In the past year, the stock has hit a 52-week low of $26.27 and 52-week high of $33.32. Teradata Corporation stock has been showing support around $31.31 and resistance in the $32.29 range. Technical indicators for the stock are bearish and S&P gives TDC 3 STARS (out of 5) hold ranking.
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