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Potential MYR Group Inc (MYRG) Trade Could Hit 4.31% Return

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on MYR Group Inc (<a href="http://www.marketintelligencecenter.com/symbol/MYRG">MYRG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $30 covered call for a net debit in the $28.76 area. That is also the break-even stock price for the covered call. This trade will return 4.31%, or 9.77% annualized (for comparison purposes only), in 161 days. This covered call also provides 13% downside protection. The current 52-week low is $23 and the 52-week high is $43.77. MYR Group Inc stock has been showing support around $32.05 and resistance in the $33.97 range. The stock closed Feb 8, 2018's trading session at $33.06.A

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