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Potential S&P Oil & Gas Equipment & Services SPDR (XES) Trade Has 11.33% Downside Protection

Jun 19, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on S&P Oil & Gas Equipment & Services SPDR (<a href="">XES</a>) could yield about 6.67% (13.63% annualized, for comparison purposes only) in 179 days. Pair a long position in the stock with the Dec 15, 2017 $15 call for a net debit of about $14.05. This position also has 11.33% downside protection. S&P Oil & Gas Equipment & Services SPDR closed at $15.84 Jun 16, 2017. Technical indicators for XES are bearish and support and resistance have been about $15.45 and $16.09, respectively.A

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