Dell Technologies Inc. Cl V (DVMT) Trading Near $72.36 Support Level
Dec 06, 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 $70 covered call for a net debit in the $68.56 area. That is also the break-even stock price for the covered call. This trade will return 2.08%, or 17.29% annualized (for comparison purposes only), in 44 days. This covered call also provides 7.92% downside protection. The current 52-week low is $52.71 and the 52-week high is $83.98. Dell Technologies Inc. Cl V stock has been showing support around $72.36 and resistance in the $76.88 range. The stock closed Dec 5, 2017's trading session at $74.47.A
(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.