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Potential Australian Dollar Trust (FXA) Trade Has 3.53% Downside Protection

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Australian dollar Trust (<a href="">FXA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $77 covered call for a net debit in the $75 area. That is also the break-even stock price for the covered call. This trade will return 2.66%, or 4.34% annualized (for comparison purposes only), in 224 days. This covered call also provides 3.53% downside protection. The current 52-week low is $73.37 and the 52-week high is $81.36. Australian dollar Trust stock has been showing support around $77.42 and resistance in the $78.40 range. The stock closed Feb 8, 2018's trading session at $77.75.A

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