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Lancaster Colony Cor (LANC) Trading Near $121.93 Support Level

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Lancaster Colony Cor (<a href="">LANC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $120 covered call for a net debit in the $117.64 area. That is also the break-even stock price for the covered call. This trade will return 1.99%, or 5.78% annualized (for comparison purposes only), in 126 days. This covered call also provides 5.15% downside protection. The current 52-week low is $113.33 and the 52-week high is $149.30. Lancaster Colony Cor stock has been showing support around $121.93 and resistance in the $125.84 range. The stock closed Nov 9, 2017's trading session at $124.05.A

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