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Potential T-Mobile US (TMUS) Trade Has 5.60% Downside Protection

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

For a hedged play on T-Mobile US (<a href="http://www.marketintelligencecenter.com/symbol/TMUS">TMUS</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Mar 16, 2018 $57.50 covered call for a net debit in the $55.58 area. That is also the break-even stock price for the covered call. This trade will return 3.45%, or 36.02% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.60% downside protection. The current 52-week low is $54.60 and the 52-week high is $68.88. T-Mobile US stock has been showing support around $56.44 and resistance in the $63.72 range. The stock closed Feb 8, 2018's trading session at $58.88. Technical indicators for the stock are bearish and S&P gives TMUS a 4 STARS (out of 5) buy ranking.

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