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Potential Nutanix Inc (NTNX) Trade Has 22.08% Downside Protection

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

MarketIntelligenceCenter.com's patented algorithms have identified an attractive covered-call trade on Nutanix Inc (<a href="http://www.marketintelligencecenter.com/symbol/NTNX">NTNX</a>). Look at the Jul 20, 2018 $27.50 covered call for a net debit in the $24.33 area.<br /> <br /> This trade has a duration of 161 days. The break-even point of this trade is the same as the net debit, which gives this trade 22.08% downside protection. If the stock closes at or above $27.50 at expiration this trade will return 12.98% or 29.43% annually (for comparison purposes only). <br /> <br /> If you're interested in a lower-cost hedged trade on Nutanix Inc, consider buying the Jan 18, 2019 $15 call and selling the Jul 20, 2018 $27.50 call for a net debit of $11.24. A<br /> <br /> This hedged trade uses a longer-term bought call instead of the long stock position in a traditional covered call. The hedged trade lasts 161 days and would provide 15.97% downside protection. If Nutanix Inc is at or above $27.50 when the market closes in Jul 20, 2018, this trade will make a full return of 11.11% of the initial capital at risk for an annualized return rate of 25.18% (for comparison purposes only).<br /> <br /> NTNX closed Feb 8, 2018's trading session at $31.23. In the past year, the stock has hit a 52-week low of $14.38 and 52-week high of $38.80. Nutanix Inc stock has been showing support around $29.86 and resistance in the $33.88 range. Technical indicators for the stock are bearish and S&P gives NTNX 3 STARS (out of 5) hold ranking.

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