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Potential Canadian Dollar Trust (FXC) Trade Has 3.67% Downside Protection

Dec 05, 2017 ( via COMTEX) --

After Dec 4, 2017aEUR(TM)s trading in Canadian Dollar Trust (<a href="">FXC</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.95% or 2.63% (for comparison purposes only), while providing 3.67% downside protection. The trade is a Jan 18, 2019 covered call at the $77 level for a net debit of about $74.79. 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 $77.44 and $77.90, respectively.

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