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Potential Tech Data (TECD) Trade Has 3.67% Downside Protection

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

For a hedged play on Tech Data (<a href="http://www.marketintelligencecenter.com/symbol/TECD">TECD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $95 covered call for a net debit in the $91.84 area. That is also the break-even stock price for the covered call. This trade will return 3.44%, or 29.20% annualized (for comparison purposes only), in 43 days. This covered call also provides 3.67% downside protection. The current 52-week low is $81.42 and the 52-week high is $111.10. Tech Data stock has been showing support around $94.15 and resistance in the $97.14 range. The stock closed Dec 6, 2017's trading session at $95.33.A

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