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Nektar Therapeutics (NKTR) Showing Bearish Technicals With Support At $54.52

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligenceCenter.com's patented algorithms on Nektar Therapeutics (<a href="http://www.marketintelligencecenter.com/symbol/NKTR">NKTR</a>) could yield about 6.69% (55.51% annualized, for comparison purposes only) in 44 days. Pair a long position in the stock with the Feb 16, 2018 $55 call for a net debit of about $51.54. This position also has 10.58% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $15 call for a net debit of about $37.70. While this trade has a higher yield at 6.10%, the downside protection falls to 10.58%. Nektar Therapeutics closed at $57.65 Jan 2, 2018. Technical indicators for NKTR are bearish and support and resistance have been about $54.52 and $61.26, respectively.A

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