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Potential Australian Dollar Trust (FXA) Trade Has 2.35% Downside Protection

Dec 04, 2017 ( via COMTEX) --

After Dec 1, 2017aEUR(TM)s trading in Australian dollar Trust (<a href="">FXA</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.28% or 4.32% (for comparison purposes only), while providing 2.35% downside protection. The trade is a Jun 15, 2018 covered call at the $76 level for a net debit of about $74.29. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $75.49 and $76.71, respectively.

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