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British Pound Sterling Trust (FXB) Showing Resistance Near $137.11

Feb 09, 2018 ( via COMTEX) --

For a hedged play on British Pound Sterling Trust (<a href="">FXB</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jun 15, 2018 $135 covered call for a net debit in the $131.95 area. That is also the break-even stock price for the covered call. This trade will return 2.31%, or 6.69% annualized (for comparison purposes only), in 126 days. This covered call also provides 2.29% downside protection. A lower-cost play on British Pound Sterling Trust would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $119 call and the same sold call for a net debit of $15.05.This trade only has 0.74% downside protection, but the assigned return rate rises to 6.31% or an annualized rate of 18.28% (for comparison purposes only). The current 52-week low is $118.33 and the 52-week high is $139.08. British Pound Sterling Trust stock has been showing support around $133.97 and resistance in the $137.11 range. The stock closed Feb 8, 2018's trading session at $135.05.A

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