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Microsemi (MSCC) Trading Near $54.30 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Microsemi (<a href="">MSCC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $55 covered call for a net debit in the $50.45 area. That is also the break-even stock price for the covered call. This trade will return 8.99%, or 26.06% annualized (for comparison purposes only), in 126 days. This covered call also provides 10.14% downside protection. The current 52-week low is $46.08 and the 52-week high is $65.65. Microsemi stock has been showing support around $54.30 and resistance in the $59.40 range. The stock closed Feb 8, 2018's trading session at $56.15.A

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