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Potential TeleTech (TTEC) Trade Has 2.98% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on TeleTech (<a href="">TTEC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $40 covered call for a net debit in the $38.94 area. That is also the break-even stock price for the covered call. This trade will return 2.69%, or 22.88% annualized (for comparison purposes only), in 43 days. This covered call also provides 2.98% downside protection. The current 52-week low is $28.20 and the 52-week high is $43.75. TeleTech stock has been showing support around $39.78 and resistance in the $40.68 range. The stock closed Dec 6, 2017's trading session at $40.15.A

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