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Potential Herman Miller (MLHR) Trade Has 11.67% Downside Protection

Nov 10, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Herman Miller (<a href="">MLHR</a>) could yield about 4.34% (8.39% annualized, for comparison purposes only) in 189 days. Pair a long position in the stock with the May 18, 2018 $30 call for a net debit of about $28.74. This position also has 11.67% downside protection. Herman Miller closed at $32.54 Nov 9, 2017. Technical indicators for MLHR are bearish and support and resistance have been about $31.98 and $33.08, respectively.A

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