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Potential Virtusa Corp (VRTU) Trade Targets 8.72% Return

Jan 03, 2018 ( via COMTEX) --

For a hedged play on Virtusa Corp (<a href="">VRTU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $40 covered call for a net debit in the $36.78 area. That is also the break-even stock price for the covered call. This trade will return 8.72%, or 14.09% annualized (for comparison purposes only), in 226 days. This covered call also provides 17.12% downside protection. The current 52-week low is $24.84 and the 52-week high is $48.71. Virtusa Corp stock has been showing support around $43.28 and resistance in the $45.54 range. The stock closed Jan 2, 2018's trading session at $44.38.A

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