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Potential Tractor Supply (TSCO) Trade Has 5.22% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Tractor Supply (<a href="">TSCO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $65 covered call for a net debit in the $63.51 area. That is also the break-even stock price for the covered call. This trade will return 2.34%, or 19.91% annualized (for comparison purposes only), in 43 days. This covered call also provides 5.22% downside protection. The current 52-week low is $49.87 and the 52-week high is $78.25. Tractor Supply stock has been showing support around $65.43 and resistance in the $70.05 range. The stock closed Dec 6, 2017's trading session at $67.01.A

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