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Potential Shoe Carnival Inc (SCVL) Trade Has 14.84% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Shoe Carnival Inc (<a href="">SCVL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $22.50 covered call for a net debit in the $21.23 area. That is also the break-even stock price for the covered call. This trade will return 5.98%, or 22.05% annualized (for comparison purposes only), in 99 days. This covered call also provides 14.84% downside protection. The current 52-week low is $15.07 and the 52-week high is $30.75. Shoe Carnival Inc stock has been showing support around $24.24 and resistance in the $25.68 range. The stock closed Dec 6, 2017's trading session at $24.93.A

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