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Potential First Trust ISE Revere Natural Gas (FCG) Trade Has 5.43% Downside Protection

Dec 07, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on First Trust ISE Revere Natural Gas (<a href="">FCG</a>). Look at the Mar 16, 2018 $21 covered call for a net debit in the $19.99 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.43% downside protection. If the stock closes at or above $21 at expiration this trade will return 5.05% or 18.62% (for comparison purposes only). <br /> <br /> FCG closed Dec 6, 2017's trading session at $21.13. In the past year, the stock has hit a 52-week low of $18.65 and 52-week high of $28.65. First Trust ISE Revere Natural Gas stock has been showing support around $20.71 and resistance in the $21.93 range. Recent technical indicators for the stock are bearish.

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