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Potential Redfin Corp (RDFN) Trade Could Hit 6.49% Return

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Redfin Corp (<a href="">RDFN</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $30 covered call for a net debit in the $28.17 area. That is also the break-even stock price for the covered call. This trade will return 6.49%, or 17.56% annualized (for comparison purposes only), in 135 days. This covered call also provides 9.33% downside protection. The current 52-week low is $19.29 and the 52-week high is $33.49. Redfin Corp stock has been showing support around $29.04 and resistance in the $32.52 range. The stock closed Jan 2, 2018's trading session at $31.06.A

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