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Potential Mobile Mini (MINI) Trade Has 6.04% Downside Protection

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Mobile Mini (<a href="">MINI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $40 covered call for a net debit in the $38.85 area. That is also the break-even stock price for the covered call. This trade will return 2.96%, or 30.86% annualized (for comparison purposes only), in 35 days. This covered call also provides 6.04% downside protection. The current 52-week low is $26.70 and the 52-week high is $46.10. Mobile Mini stock has been showing support around $39.96 and resistance in the $44.14 range. The stock closed Feb 8, 2018's trading session at $41.34.A

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