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British Pound Sterling Trust (FXB) Showing Support Near $127.29

Nov 08, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligenceCenter.com's patented algorithms on British Pound Sterling Trust (<a href="http://www.marketintelligencecenter.com/symbol/FXB">FXB</a>) could yield about 2.61% (4.35% annualized, for comparison purposes only) in 219 days. Pair a long position in the stock with the Jun 15, 2018 $128 call for a net debit of about $124.73. This position also has 2.57% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $111 call for a net debit of about $15.59. While this trade has a higher yield at 8.97%, the downside protection falls to 2.57%. British Pound Sterling Trust closed at $128.03 Nov 7, 2017. Technical indicators for FXB are bearish and support and resistance have been about $127.29 and $128.43, respectively.A

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