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Dell Technologies Inc. Cl V (DVMT) Trading Near $71.01 Support Level

Dec 05, 2017

Dell Technologies Inc. Cl V (DVMT) Trading Near $71.01 Support Level

Dec 05, 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 Apr 20, 2018 $70 covered call for a net debit in the $66.68 area. That is also the break-even stock price for the covered call. This trade will return 4.96%, or 13.32% annualized (for comparison purposes only), in 136 days. This covered call also provides 10.94% downside protection. The current 52-week low is $52.53 and the 52-week high is $83.98. Dell Technologies Inc. Cl V stock has been showing support around $71.01 and resistance in the $82.19 range. The stock closed Dec 4, 2017's trading session at $74.88.A

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SOURCE: Comtex

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