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Regeneron Pharmaceuticals (REGN) Trading Near $383.24 Resistance Level

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

For a hedged play on Regeneron Pharmaceuticals (<a href="http://www.marketintelligencecenter.com/symbol/REGN">REGN</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jan 19, 2018 $375 covered call for a net debit in the $359.82 area. That is also the break-even stock price for the covered call. This trade will return 4.21%, or 35.78% annualized (for comparison purposes only), in 43 days. This covered call also provides 4.07% downside protection. A lower-cost play on Regeneron Pharmaceuticals would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $175 call and the same sold call for a net debit of $191.59.This trade only has 2.27% downside protection, but the assigned return rate rises to 4.38% or an annualized rate of 37.21% (for comparison purposes only). The current 52-week low is $340.09 and the 52-week high is $543.55. Regeneron Pharmaceuticals stock has been showing support around $362.60 and resistance in the $383.24 range. The stock closed Dec 6, 2017's trading session at $375.13.A

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