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Potential Portfolio Recovery Associates (PRAA) Trade Targets 8.87% Return

Feb 09, 2018 ( via COMTEX) --'s option-trade picking algorithms have identified an attractive covered-call trade on Portfolio Recovery Associates (<a href="">PRAA</a>). Look at the Jun 15, 2018 $32.50 covered call for a net debit in the $29.84 area.<br /> <br /> This trade has a duration of 126 days. The break-even point of this trade is the same as the net debit, which gives this trade 13.85%. If the stock closes at or above $32.50 at expiration this trade will return 8.87% or 25.71% (for comparison purposes only). <br /> <br /> PRAA closed Feb 8, 2018's trading session at $34.65. In the past year, the stock has hit a 52-week low of $25.72 and 52-week high of $42.70. Portfolio Recovery Associates stock has been showing support around $34.18 and resistance in the $35.58 range. Technical indicators for the stock are bearish and S&P gives PRAA 3 STARS (out of 5) hold ranking.

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