Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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

Lam Research (LRCX) Trading Near $188.84 Resistance Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Lam Research (<a href="http://www.marketintelligencecenter.com/symbol/LRCX">LRCX</a>) today after it closed at $184.22 on Dec 6, 2017. For more conservative investors, look at a covered call using the Jan 19, 2018 $180 call for a net debit of about $173.12. This trade will return 3.96% (33.68% annualized, for comparison purposes only) as long as the stock closes above $180 at expiration. Lam ResearchAcan fall 6.02% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $75 call taking the place of the long stock position and the same short position in the Jan 19, 2018 $180 call. This trade only costs about $100.34 to get into and the rate of return increases to 4.63% (33.68% annualized, for comparison purposes only) but the downside protection falls to 4.82%.

(C) Copyright 2017, Marketintelligencecenter.com. 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 57.15
Nat Gas 2.742
Corn 347
Cotton #2 75.20
Gold 1263.8
Copper 3.1460
Euro 1.18130
USD Index 93.255
SP500 E-mini 2696.00
DJIA E-mini 24823
close_icon
open_icon