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Potential Tucows Inc Cl A (TCX) Trade Has 6.86% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Tucows Inc Cl A (<a href="">TCX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $60 covered call for a net debit in the $58.35 area. That is also the break-even stock price for the covered call. This trade will return 2.82%, or 14.53% annualized (for comparison purposes only), in 71 days. This covered call also provides 6.86% downside protection. The current 52-week low is $33.83 and the 52-week high is $64.65. Tucows Inc Cl A stock has been showing support around $61.02 and resistance in the $64.22 range. The stock closed Dec 6, 2017's trading session at $62.65.A

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