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Potential Acceleron Pharma (XLRN) Trade Has 15.06% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Acceleron Pharma (<a href="">XLRN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $35 covered call for a net debit in the $30.45 area. That is also the break-even stock price for the covered call. This trade will return 14.94%, or 33.66% annualized (for comparison purposes only), in 162 days. This covered call also provides 15.06% downside protection. The current 52-week low is $23.07 and the 52-week high is $40.35. Acceleron Pharma stock has been showing support around $33.84 and resistance in the $37 range. The stock closed Dec 6, 2017's trading session at $35.84.A

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