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Ryder System (R) Trading Near $56 Support Level

Feb 11, 2019

Ryder System (R) Trading Near $56 Support Level

Feb 11, 2019 (Marketintelligencecenter.com via COMTEX News Network) -- For a hedged play on Ryder System (R), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 15, 2019 $57.50 covered call for a net debit in the $55.42 area. That is also the break-even stock price for the covered call. This trade will return 3.75%, or 42.78% annualized (for comparison purposes only), in 32 days. This covered call also provides 4.29% downside protection. The current 52-week low is $44.80 and the 52-week high is $85.13. Ryder System stock has been showing support around $56 and resistance in the $59.16 range. The stock closed Feb 8, 2019's trading session at $57.89.A

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SOURCE: Comtex

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