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Nektar Therapeutics (NKTR) Trading Near $54.06 Resistance Level

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Nektar Therapeutics (<a href="">NKTR</a>)'s option trade-picking algorithms uncovered a trade that offers a 5.75% or 48.80% (for comparison purposes only), while providing 8.65% downside protection. The trade is a Jan 19, 2018 covered call at the $48 level for a net debit of about $45.39. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $10 level. By buying the call for $40.85 instead of paying about $49.68 for the stock, the assigned return rate for this alternate trade is 3.96%, but the stock has to finish above $46.55 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $46.26 and $54.06, respectively.

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