Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential British Pound Sterling Trust (FXB) Trade Could Hit 2.35% Return

Dec 01, 2017 ( via COMTEX) --

After Nov 30, 2017aEUR(TM)s trading in British Pound Sterling Trust (<a href="">FXB</a>)'s option trade-picking algorithms uncovered a trade that offers a 2.35% or 4.39% (for comparison purposes only), while providing 2.66% downside protection. The trade is a Jun 15, 2018 covered call at the $131 level for a net debit of about $127.97. 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 $114 level. By buying the call for $19.19 instead of paying about $131.47 for the stock, the assigned return rate for this alternate trade is 8.28%, but the stock has to finish above $129.69 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 $130.60 and $132.16, respectively.

(C) Copyright 2017, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 56.79
Nat Gas 2.714
Corn 349 2/8
Cotton #2 74.07
Gold 1259.8
Copper 3.0595
Euro 1.18410
USD Index 93.350
SP500 E-mini 2671.25
DJIA E-mini 24671