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Potential Tronc Inc (TRNC) Trade Could Hit 7.95% Return

Dec 07, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Tronc Inc (<a href="">TRNC</a>). Look at the Apr 20, 2018 $17.50 covered call for a net debit in the $16.21 area.<br /> <br /> This trade has a duration of 134 days. The break-even point of this trade is the same as the net debit, which gives this trade 8.21% downside protection. If the stock closes at or above $17.50 at expiration this trade will return 7.95% or 21.67% (for comparison purposes only). <br /> <br /> TRNC closed Dec 6, 2017's trading session at $17.65. In the past year, the stock has hit a 52-week low of $10.80 and 52-week high of $18.24. Tronc Inc stock has been showing support around $17.37 and resistance in the $17.99 range. Recent technical indicators for the stock are bearish.

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