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Potential Saia Inc (SAIA) Trade Targets 3.55% Return

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Saia Inc (<a href="">SAIA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $70 covered call for a net debit in the $67.59 area. That is also the break-even stock price for the covered call. This trade will return 3.55%, or 29.45% annualized (for comparison purposes only), in 44 days. This covered call also provides 5.45% downside protection. The current 52-week low is $41.28 and the 52-week high is $72.40. Saia Inc stock has been showing support around $70.37 and resistance in the $72.27 range. The stock closed Jan 2, 2018's trading session at $71.50.A

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