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Nasdaq-100 EW Index Fund FT (QQEW) Trading Near $54.91 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Nasdaq-100 EW Index Fund FT (<a href="">QQEW</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $56 covered call for a net debit in the $53.10 area. That is also the break-even stock price for the covered call. This trade will return 5.46%, or 12.38% annualized (for comparison purposes only), in 161 days. This covered call also provides 6.18% downside protection. The current 52-week low is $49.54 and the 52-week high is $63.15. Nasdaq-100 EW Index Fund FT stock has been showing support around $54.91 and resistance in the $59.99 range. The stock closed Feb 8, 2018's trading session at $56.59.A

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