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Potential Vanda Pharmaceuticals (VNDA) Trade Has 20.65% Downside Protection

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

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Vanda Pharmaceuticals (<a href="http://www.marketintelligencecenter.com/symbol/VNDA">VNDA</a>). Look at the Jun 15, 2018 $12 covered call for a net debit in the $10.95 area.<br /> <br /> This trade has a duration of 190 days. The break-even point of this trade is the same as the net debit, which gives this trade 20.65% downside protection. If the stock closes at or above $12 at expiration this trade will return 9.58% or 18.42% (for comparison purposes only). <br /> <br /> VNDA closed Dec 6, 2017's trading session at $13.80. In the past year, the stock has hit a 52-week low of $11.90 and 52-week high of $18.99. Vanda Pharmaceuticals stock has been showing support around $13.10 and resistance in the $14.80 range. Recent technical indicators for the stock are bearish.

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