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Dell Technologies Inc. Cl V (DVMT) Showing Support Near $73.03

Dec 07, 2017

Dell Technologies Inc. Cl V (DVMT) Showing Support Near $73.03

Dec 07, 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 Jan 19, 2018 $75 covered call for a net debit in the $72.06 area. That is also the break-even stock price for the covered call. This trade will return 4.07%, or 34.63% annualized (for comparison purposes only), in 43 days. This covered call also provides 3.99% downside protection. The current 52-week low is $52.87 and the 52-week high is $83.98. Dell Technologies Inc. Cl V stock has been showing support around $73.03 and resistance in the $76.49 range. The stock closed Dec 6, 2017's trading session at $75.05.A

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SOURCE: Comtex

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