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 Powershares Nasdaq Internet (PNQI) Trade Could Hit 2.35% Return

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Powershares Nasdaq Internet (<a href="">PNQI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $118 covered call for a net debit in the $115.28 area. That is also the break-even stock price for the covered call. This trade will return 2.35%, or 11.91% annualized (for comparison purposes only), in 72 days. This covered call also provides 2.49% downside protection. The current 52-week low is $83.19 and the 52-week high is $118.36. Powershares Nasdaq Internet stock has been showing support around $115.97 and resistance in the $119.49 range. The stock closed Jan 2, 2018's trading session at $118.23.A

(C) Copyright 2018, 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 63.95
Nat Gas 3.137
Corn 348 4/8
Cotton #2 81.43
Gold 1342.2
Copper 3.2160
Euro 1.23500
USD Index 89.985
SP500 E-mini 2782.75
DJIA E-mini 25849