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Potential Nasdaq 100 EW Index Direxion (QQQE) Trade Could Hit 2.69% Return

Mar 08, 2018 ( via COMTEX) --

For a hedged play on Nasdaq 100 EW Index Direxion (<a href="">QQQE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $45 covered call for a net debit in the $43.82 area. That is also the break-even stock price for the covered call. This trade will return 2.69%, or 4.98% annualized (for comparison purposes only), in 197 days. This covered call also provides 4.26% downside protection. The current 52-week low is $37.63 and the 52-week high is $47.01. Nasdaq 100 EW Index Direxion stock has been showing support around $44.96 and resistance in the $46.26 range. The stock closed Mar 7, 2018's trading session at $45.77.A

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