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British Pound Sterling Trust (FXB) Trading Near $131.06 Resistance Level

Nov 29, 2017 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Jun 15, 2018 $129 call for a couple of hedged-trading ideas on British Pound Sterling Trust (<a href="">FXB</a>). A traditional covered call on British Pound Sterling Trust yields 2.21% (4.09% annualized, for comparison purposes only) and provides 2.77% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 18, 2019 $113 call and then selling the Jun 15, 2018 $129 call for a net debit of $14.94. This trade has a potential return of 7.02% (4.09% annualized, for comparison purposes only), but also carries a greater potential for losses.

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