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Pegasystems Inc (PEGA) Showing Support Near $44.87

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Pegasystems Inc (<a href="">PEGA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $50 covered call for a net debit in the $46.95 area. That is also the break-even stock price for the covered call. This trade will return 6.49%, or 18.81% annualized (for comparison purposes only), in 126 days. This covered call also provides 9.45% downside protection. The current 52-week low is $32.55 and the 52-week high is $64.85. Pegasystems Inc stock has been showing support around $44.87 and resistance in the $56.07 range. The stock closed Nov 9, 2017's trading session at $51.84.A

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