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Potential Mellanox Technologies (MLNX) Trade Could Hit 2.40% Return

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Mellanox Technologies (<a href="">MLNX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $57.50 covered call for a net debit in the $56.14 area. That is also the break-even stock price for the covered call. This trade will return 2.40%, or 20.40% annualized (for comparison purposes only), in 43 days. This covered call also provides 5.39% downside protection. The current 52-week low is $39.70 and the 52-week high is $62. Mellanox Technologies stock has been showing support around $56.28 and resistance in the $61.28 range. The stock closed Dec 6, 2017's trading session at $59.34.A

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