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Potential Spectrum Pharmaceuticals (SPPI) Trade Targets 15.20% Return

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Spectrum Pharmaceuticals (<a href="">SPPI</a>) could yield about 15.20% (21.93% annualized, for comparison purposes only) in 253 days. Pair a long position in the stock with the Nov 16, 2018 $15 call for a net debit of about $13.01. This position also has 27.74% downside protection. Spectrum Pharmaceuticals closed at $18.02 Mar 7, 2018. Technical indicators for SPPI are bearish and support and resistance have been about $15.39 and $20.87, respectively.A

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