Potential Dell Technologies Inc. Cl V (DVMT) Trade Has 4.29% Downside Protection
Jan 02, 2018 (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 $77.78 area. That is also the break-even stock price for the covered call. This trade will return 2.85%, or 23.14% annualized (for comparison purposes only), in 45 days. This covered call also provides 4.29% 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 $80.41 and resistance in the $81.95 range. The stock closed Dec 29, 2017's trading session at $81.26.A
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