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Tractor Supply (TSCO) Trading Near $74.09 Support Level

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

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Tractor Supply (<a href="http://www.marketintelligencecenter.com/symbol/TSCO">TSCO</a>) today after it closed at $75.68 on Jan 2, 2018. For more conservative investors, look at a covered call using the Feb 16, 2018 $75 call for a net debit of about $72.08. This trade will return 4.05% (33.60% annualized, for comparison purposes only) as long as the stock closes above $75 at expiration. Tractor SupplyAcan fall 4.75% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $50 call taking the place of the long stock position and the same short position in the Feb 16, 2018 $75 call. This trade only costs about $23 to get into and the rate of return increases to 8.69% (33.60% annualized, for comparison purposes only) but the downside protection falls to 3.54%.

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