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Potential Monster Beverage (MNST) Trade Has 6.45% Downside Protection

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

MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Monster Beverage (<a href="http://www.marketintelligencecenter.com/symbol/MNST">MNST</a>). Look at the Mar 16, 2018 $60 covered call for a net debit in the $57.99 area.<br /> <br /> This trade has a duration of 35 days. The break-even point of this trade is the same as the net debit, which gives this trade 6.45%. If the stock closes at or above $60 at expiration this trade will return 3.46% or 36.14% (for comparison purposes only). <br /> <br /> MNST closed Feb 8, 2018's trading session at $61.99. In the past year, the stock has hit a 52-week low of $41.02 and 52-week high of $70.21. Monster Beverage stock has been showing support around $60.17 and resistance in the $65.53 range. Technical indicators for the stock are bearish and S&P gives MNST 3 STARS (out of 5) hold ranking.

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