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Potential Renasant Corp (RNST) Trade Has 5.21% Downside Protection

Jan 03, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Renasant Corp (<a href="">RNST</a>). Look at the Feb 16, 2018 $40 covered call for a net debit in the $39.07 area.<br /> <br /> This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.21% downside protection. If the stock closes at or above $40 at expiration this trade will return 2.38% or 19.74% (for comparison purposes only). <br /> <br /> RNST closed Jan 2, 2018's trading session at $41.22. In the past year, the stock has hit a 52-week low of $37.68 and 52-week high of $45.31. Renasant Corp stock has been showing support around $40.39 and resistance in the $41.87 range. Recent technical indicators for the stock are bearish.

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