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Potential Western Digital (WDC) Trade Could Hit 4.29% Return

Dec 07, 2017 ( via COMTEX) --

Western Digital (<a href="">WDC</a>) closed Dec 6, 2017 at $77.86 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Western Digital for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $40 call and a short position in the Jan 19, 2018 $77.50 call for a net debit of about $35.60. This trade has an assigned return of 5.33% and 2.90% downside protection. For more a more conservative play, look at a covered call using the Jan 19, 2018 $77.50 call for a $35.60 net debit. This trade has an assigned return of 4.29% but the downside protection increases to 4.55%. Over the last 52 weeks the stock has traded between $65.08 and $95.77.A

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