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Dell Technologies Inc. Cl V (DVMT) Showing Support Near $80.03

Dec 29, 2017

Dell Technologies Inc. Cl V (DVMT) Showing Support Near $80.03

Dec 29, 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 Feb 16, 2018 $80 covered call for a net debit in the $77.73 area. That is also the break-even stock price for the covered call. This trade will return 2.92%, or 21.75% annualized (for comparison purposes only), in 49 days. This covered call also provides 4.07% downside protection. The current 52-week low is $54.13 and the 52-week high is $84.77. Dell Technologies Inc. Cl V stock has been showing support around $80.03 and resistance in the $82.17 range. The stock closed Dec 28, 2017's trading session at $81.02.A

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SOURCE: Comtex

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