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First Trust ISE Revere Natural Gas (FCG) Showing Bearish Technicals

Feb 09, 2018 ( via COMTEX) --

For a hedged play on First Trust ISE Revere Natural Gas (<a href="">FCG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $20 covered call for a net debit in the $18.64 area. That is also the break-even stock price for the covered call. This trade will return 7.29%, or 21.13% annualized (for comparison purposes only), in 126 days. This covered call also provides 7.21% downside protection. The current 52-week low is $18.65 and the 52-week high is $26.45. First Trust ISE Revere Natural Gas stock has been showing support around $19.34 and resistance in the $21.52 range. The stock closed Feb 8, 2018's trading session at $20.09.A

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