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Xilinx (XLNX) Trading Near $67.49 Support Level

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Xilinx (<a href="">XLNX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $67.50 covered call for a net debit in the $65.65 area. That is also the break-even stock price for the covered call. This trade will return 2.81%, or 23.92% annualized (for comparison purposes only), in 43 days. This covered call also provides 4% downside protection. The current 52-week low is $54.41 and the 52-week high is $75.14. Xilinx stock has been showing support around $67.49 and resistance in the $69.43 range. The stock closed Dec 6, 2017's trading session at $68.38.A

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