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Potential SBA Communications (SBAC) Trade Has 3.36% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on SBA Communications (<a href="http://www.marketintelligencecenter.com/symbol/SBAC">SBAC</a>). Look at the Jan 19, 2018 $165 covered call for a net debit in the $160.80 area.<br /> <br /> This trade has a duration of 43 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.36% downside protection. If the stock closes at or above $165 at expiration this trade will return 2.61% or 22.17% (for comparison purposes only). <br /> <br /> SBAC closed Dec 6, 2017's trading session at $166.39. In the past year, the stock has hit a 52-week low of $97.72 and 52-week high of $173.97. SBA Communications stock has been showing support around $161.43 and resistance in the $169.22 range. Recent technical indicators for the stock are bearish.

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