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Nutanix Inc (NTNX) Trading Near $36.50 Resistance Level

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Nutanix Inc (<a href="">NTNX</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jul 20, 2018 $35 covered call for a net debit in the $29.29 area. That is also the break-even stock price for the covered call. This trade will return 19.45%, or 31.55% annualized (for comparison purposes only), in 225 days. This covered call also provides 16.99% downside protection. A lower-cost play on Nutanix Inc would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $20 call and the same sold call for a net debit of $11.44.This trade only has 10.90% downside protection, but the assigned return rate rises to 31% or an annualized rate of 50.29% (for comparison purposes only). The current 52-week low is $14.38 and the 52-week high is $38.28. Nutanix Inc stock has been showing support around $33.22 and resistance in the $36.50 range. The stock closed Dec 6, 2017's trading session at $35.29.A

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