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Potential Mellanox Technologies (MLNX) Trade Has 3.66% Downside Protection

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Mellanox Technologies (<a href="">MLNX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 15, 2017 $49 covered call for a net debit in the $47.35 area. That is also the break-even stock price for the covered call. This trade will return 3.48%, or 36.34% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.66% downside protection. The current 52-week low is $38.75 and the 52-week high is $52.79. Mellanox Technologies stock has been showing support around $47.78 and resistance in the $50.58 range. The stock closed Nov 9, 2017's trading session at $49.15.A

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