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Nasdaq-100 Technology Index Fund FT (QTEC) Showing Resistance Near $73.90

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

For a hedged play on Nasdaq-100 Technology Index Fund FT (<a href="http://www.marketintelligencecenter.com/symbol/QTEC">QTEC</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $72 covered call for a net debit in the $70.51 area. That is also the break-even stock price for the covered call. This trade will return 2.11%, or 11.01% annualized (for comparison purposes only), in 70 days. This covered call also provides 3.15% downside protection. The current 52-week low is $49.35 and the 52-week high is $73.92. Nasdaq-100 Technology Index Fund FT stock has been showing support around $71.54 and resistance in the $73.90 range. The stock closed Nov 9, 2017's trading session at $72.80.A

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