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Potential Techne (TECH) Trade Targets 2.69% Return

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Techne (<a href="">TECH</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $125 covered call for a net debit in the $121.71 area. That is also the break-even stock price for the covered call. This trade will return 2.69%, or 7.34% annualized (for comparison purposes only), in 134 days. This covered call also provides 5.43% downside protection. The current 52-week low is $95.68 and the 52-week high is $136.39. Techne stock has been showing support around $125.61 and resistance in the $131.95 range. The stock closed Dec 6, 2017's trading session at $128.72.A

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