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Potential Medidata Solutions (MDSO) Trade Has 12.85% Downside Protection

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Medidata Solutions (<a href="http://www.marketintelligencecenter.com/symbol/MDSO">MDSO</a>). Look at the Apr 20, 2018 $60 covered call for a net debit in the $56.28 area.<br /> <br /> This trade has a duration of 134 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.85% downside protection. If the stock closes at or above $60 at expiration this trade will return 6.60% or 18% (for comparison purposes only). <br /> <br /> MDSO closed Dec 6, 2017's trading session at $64.58. In the past year, the stock has hit a 52-week low of $47.77 and 52-week high of $85.92. Medidata Solutions stock has been showing support around $63.03 and resistance in the $66.07 range. Recent technical indicators for the stock are bearish.

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