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First Trust NYSE Arca Biotech Index (FBT) Showing Bearish Technicals With Support At $137.38

Mar 07, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on First Trust NYSE Arca Biotech Index (<a href="">FBT</a>) could yield about 2.51% (20.86% annualized, for comparison purposes only) in 44 days. Pair a long position in the stock with the Apr 20, 2018 $139 call for a net debit of about $135.58. This position also has 2.72% downside protection. First Trust NYSE Arca Biotech Index closed at $139.38 Mar 6, 2018. Technical indicators for FBT are bearish and support and resistance have been about $137.38 and $140.68, respectively.A

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