Potential Teradata Corporation (TDC) Trade Has 6.36% Downside Protection
Jan 03, 2018 (Marketintelligencecenter.com via COMTEX News Network) -- MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Teradata Corporation (TDC). Look at the Feb 16, 2018 $37.50 covered call for a net debit in the $36.03 area. This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.36%. If the stock closes at or above $37.50 at expiration this trade will return 4.05% or 33.60% (for comparison purposes only). TDC closed Jan 2, 2018's trading session at $38.49. In the past year, the stock has hit a 52-week low of $27.05 and 52-week high of $39.33. Teradata Corporation stock has been showing support around $38.08 and resistance in the $39 range. Technical indicators for the stock are bearish and S&P gives TDC 3 STARS (out of 5) hold ranking.
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