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Myriad Genetics (MYGN) Showing Support Near $31.53

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Myriad Genetics (<a href="">MYGN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $31 covered call for a net debit in the $28.71 area. That is also the break-even stock price for the covered call. This trade will return 7.93%, or 29.56% annualized (for comparison purposes only), in 98 days. This covered call also provides 11.95% downside protection. The current 52-week low is $15.71 and the 52-week high is $41.57. Myriad Genetics stock has been showing support around $31.53 and resistance in the $34.79 range. The stock closed Feb 8, 2018's trading session at $32.61.A

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