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Potential Momenta Pharmaceuticals (MNTA) Trade Has 16.66% Downside Protection

Feb 09, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Momenta Pharmaceuticals (<a href="">MNTA</a>) could yield about 13.20% (21.52% annualized, for comparison purposes only) in 224 days. Pair a long position in the stock with the Sep 21, 2018 $15 call for a net debit of about $13.25. This position also has 16.66% downside protection. Momenta Pharmaceuticals closed at $15.89 Feb 8, 2018. Technical indicators for MNTA are bearish and support and resistance have been about $15 and $16.70, respectively.A

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