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British Pound Sterling Trust (FXB) Showing Bearish Technicals With Resistance At $131.94

Dec 05, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on British Pound Sterling Trust (<a href="">FXB</a>) today after it closed at $130.91 on Dec 4, 2017. For more conservative investors, look at a covered call using the Jun 15, 2018 $130 call for a net debit of about $127.11. This trade will return 2.26% (4.30% annualized, for comparison purposes only) as long as the stock closes above $130 at expiration. British Pound Sterling TrustAcan fall 2.90% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $114 call taking the place of the long stock position and the same short position in the Jun 15, 2018 $130 call. This trade only costs about $14.90 to get into and the rate of return increases to 7.38% (4.30% annualized, for comparison purposes only) but the downside protection falls to 1.54%.

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