Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
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 Redfin Corp (RDFN) Trade Has 9.77% Downside Protection

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

For a hedged play on Redfin Corp (<a href="http://www.marketintelligencecenter.com/symbol/RDFN">RDFN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $25 covered call for a net debit in the $22.62 area. That is also the break-even stock price for the covered call. This trade will return 10.52%, or 23.70% annualized (for comparison purposes only), in 162 days. This covered call also provides 9.77% downside protection. The current 52-week low is $19.29 and the 52-week high is $33.49. Redfin Corp stock has been showing support around $24.08 and resistance in the $25.94 range. The stock closed Dec 6, 2017's trading session at $25.06.A

(C) Copyright 2017, Marketintelligencecenter.com. 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 57.65
Nat Gas 2.676
Corn 347 2/8
Cotton #2 75.63
Gold 1259.9
Copper 3.1200
Euro 1.17855
USD Index 93.290
SP500 E-mini 2689.50
DJIA E-mini 24789
close_icon
open_icon