Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Mellanox Technologies (MLNX) Trade Could Hit 3.60% Return

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Mellanox Technologies (<a href="">MLNX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $57.50 covered call for a net debit in the $55.50 area. That is also the break-even stock price for the covered call. This trade will return 3.60%, or 37.58% annualized (for comparison purposes only), in 35 days. This covered call also provides 6.40% downside protection. The current 52-week low is $41.55 and the 52-week high is $69. Mellanox Technologies stock has been showing support around $57.43 and resistance in the $63.03 range. The stock closed Feb 8, 2018's trading session at $59.29.A

(C) Copyright 2018, All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 61.32
Nat Gas 2.630
Corn 365
Cotton #2 79.09
Gold 1329.3
Copper 3.1845
Euro 1.23540
USD Index 89.725
SP500 E-mini 2719.75
DJIA E-mini 24994