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Potential Revance Therapeutics (RVNC) Trade Has 21.26% Downside Protection

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

A covered call identified by MarketIntelligececenter.com's patented algorithm on Revance Therapeutics (<a href="http://www.marketintelligencecenter.com/symbol/RVNC">RVNC</a>) could yield about 8.93% (20.25% annualized, for comparison purposes only) in 161 days. Pair a long position in the stock with the Jul 20, 2018 $25 call for a net debit of about $22.94. This position also has 21.26% downside protection. Revance Therapeutics closed at $29.14 Feb 8, 2018. Technical indicators for RVNC are bearish and support and resistance have been about $27.92 and $31.52, respectively.A

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