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Netease.com (NTES) Showing Support Near $302.65

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

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Netease.com (<a href="http://www.marketintelligencecenter.com/symbol/NTES">NTES</a>) today after it closed at $312.85 on Nov 9, 2017. For more conservative investors, look at a covered call using the Dec 15, 2017 $310 call for a net debit of about $297.06. This trade will return 4.35% (45.42% annualized, for comparison purposes only) as long as the stock closes above $310 at expiration. Netease.comAcan fall 5.05% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $135 call taking the place of the long stock position and the same short position in the Dec 15, 2017 $310 call. This trade only costs about $164.59 to get into and the rate of return increases to 6.31% (45.42% annualized, for comparison purposes only) but the downside protection falls to 4.23%.

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