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Sarepta Therapeutics (SRPT) Showing Support Near $50.64

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

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Sarepta Therapeutics (<a href="http://www.marketintelligencecenter.com/symbol/SRPT">SRPT</a>) today after it closed at $52.56 on Dec 6, 2017. For more conservative investors, look at a covered call using the Jan 19, 2018 $50 call for a net debit of about $47.35. This trade will return 5.57% (47.31% annualized, for comparison purposes only) as long as the stock closes above $50 at expiration. Sarepta TherapeuticsAcan fall 9.89% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $15 call taking the place of the long stock position and the same short position in the Jan 19, 2018 $50 call. This trade only costs about $33.54 to get into and the rate of return increases to 4.32% (47.31% annualized, for comparison purposes only) but the downside protection falls to 7.62%.

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