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Nasdaq 100 EW Index Direxion (QQQE) Trading Near $41.39 Support Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Nasdaq 100 EW Index Direxion (<a href="http://www.marketintelligencecenter.com/symbol/QQQE">QQQE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $41 covered call for a net debit in the $40.14 area. That is also the break-even stock price for the covered call. This trade will return 2.14%, or 3.60% annualized (for comparison purposes only), in 217 days. This covered call also provides 4.06% downside protection. The current 52-week low is $33.38 and the 52-week high is $42.26. Nasdaq 100 EW Index Direxion stock has been showing support around $41.39 and resistance in the $42.21 range. The stock closed Nov 9, 2017's trading session at $41.84.A

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