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Canadian Dollar Trust (FXC) Trading Near $77.97 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Sep 21, 2018 $78 call for a couple of hedged-trading ideas on Canadian Dollar Trust (<a href="http://www.marketintelligencecenter.com/symbol/FXC">FXC</a>). A traditional covered call on Canadian Dollar Trust yields 2.48% (4.04% annualized, for comparison purposes only) and provides 2.68% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 18, 2019 $73 call and then selling the Sep 21, 2018 $78 call for a net debit of $4.20. This trade has a potential return of 19.04% (4.04% annualized, for comparison purposes only), but also carries a greater potential for losses.

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