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Mattel (MAT) Trading Near $14.62 Support Level

Dec 07, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Mattel (<a href="">MAT</a>) today after it closed at $15.15 on Dec 6, 2017. For more conservative investors, look at a covered call using the Jul 20, 2018 $15 call for a net debit of about $13.31. This trade will return 12.69% (20.59% annualized, for comparison purposes only) as long as the stock closes above $15 at expiration. Mattel can fall 12.20% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $8 call taking the place of the long stock position and the same short position in the Jul 20, 2018 $15 call. This trade only costs about $6 to get into and the rate of return increases to 16.66% (20.59% annualized, for comparison purposes only) but the downside protection falls to 7.65%.

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