Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Super Micro Computer (SMCI) Trading Near $22.18 Resistance Level

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Super Micro Computer (<a href="http://www.marketintelligencecenter.com/symbol/SMCI">SMCI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $20 covered call for a net debit in the $18.75 area. That is also the break-even stock price for the covered call. This trade will return 6.66%, or 22.74% annualized (for comparison purposes only), in 107 days. This covered call also provides 12.58% downside protection. The current 52-week low is $17.70 and the 52-week high is $31.75. Super Micro Computer stock has been showing support around $20.48 and resistance in the $22.18 range. The stock closed Jan 2, 2018's trading session at $21.45.A

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 63.95
Nat Gas 3.052
Corn 348 4/8
Cotton #2 81.59
Gold 1334.4
Copper 3.1945
Euro 1.22690
USD Index 90.450
SP500 E-mini 2801.50
DJIA E-mini 26013
close_icon
open_icon