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Lam Research (LRCX) Trading Near $188.84 Resistance Level

Dec 07, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Lam Research (<a href="">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%.

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