Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

First Trust NYSE Arca Biotech Index (FBT) Trading Near $118.79 Support Level

Dec 07, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on First Trust NYSE Arca Biotech Index (<a href="">FBT</a>) could yield about 2.31% (19.66% annualized, for comparison purposes only) in 43 days. Pair a long position in the stock with the Jan 19, 2018 $121 call for a net debit of about $118.26. This position also has 2.55% downside protection. First Trust NYSE Arca Biotech Index closed at $121.36 Dec 6, 2017. Technical indicators for FBT are bearish and support and resistance have been about $118.79 and $123.69, respectively.A

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 574.20
Nat Gas 2.622
Corn 347 4/8
Cotton #2 75.92
Gold 121.9
Copper 3.1395
Euro 1.17500
USD Index 93.463
SP500 E-mini 2683.00
DJIA E-mini 24677