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Vertex Pharmaceuticals (VRTX) Trading Near $140.42 Resistance Level

Dec 07, 2017 ( via COMTEX) --

After Dec 6, 2017aEUR(TM)s trading in Vertex Pharmaceuticals (<a href="">VRTX</a>)'s patented algorithms uncovered a trade that offers a 3.38% return or 28.73% on an annualized basis (for comparison purposes only), while providing 4.88% downside protection. The trade is a Jan 19, 2018 covered call at the $135 level for a net debit of about $130.58. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $60 level. By buying the call for $80.15 instead of paying about $137.27 for the stock, the assigned return rate for this alternate trade is 2.11%, but the stock has to finish above $133.44 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 4 STARS (out of 5) buy ranking on Vertex Pharmaceuticals. Technical indicators for the stock have been bearish and support and resistance have been in the area of $135.26 and $140.42, respectively.

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