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Dell Technologies Inc. Cl V (DVMT) Showing Support Near $74.95

Sep 13, 2017

Dell Technologies Inc. Cl V (DVMT) Showing Support Near $74.95

Sep 13, 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 Dec 15, 2017 $75 covered call for a net debit in the $72.04 area. That is also the break-even stock price for the covered call. This trade will return 4.09%, or 16.06% annualized (for comparison purposes only), in 93 days. This covered call also provides 5.50% downside protection. The current 52-week low is $46.64 and the 52-week high is $76.26. Dell Technologies Inc. Cl V stock has been showing support around $74.95 and resistance in the $76.92 range. The stock closed Sep 12, 2017's trading session at $76.25.A

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SOURCE: Comtex

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