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Tesaro Inc (TSRO) Showing Support Near $70.63

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

For a hedged play on Tesaro Inc (<a href="http://www.marketintelligencecenter.com/symbol/TSRO">TSRO</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Feb 16, 2018 $75 covered call for a net debit in the $69.71 area. That is also the break-even stock price for the covered call. This trade will return 7.57%, or 62.82% annualized (for comparison purposes only), in 44 days. This covered call also provides 7.80% downside protection. The current 52-week low is $74.57 and the 52-week high is $192.94. Tesaro Inc stock has been showing support around $70.63 and resistance in the $83.49 range. The stock closed Jan 2, 2018's trading session at $75.62.A

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