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SPDR S&P 500 Growth Portfolio ETF (SPYG) Showing Bearish Technicals With Support At $33.02

Jan 11, 2019 ( via COMTEX) --

For a hedged play on SPDR S&P 500 Growth Portfolio ETF (<a href="">SPYG</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 21, 2019 $33 covered call for a net debit in the $32.14 area. That is also the break-even stock price for the covered call. This trade will return 2.64%, or 5.99% annualized (for comparison purposes only), in 161 days. This covered call also provides 4.45% downside protection. The current 52-week low is $30.31 and the 52-week high is $38.55. SPDR S&P 500 Growth Portfolio ETF stock has been showing support around $33.02 and resistance in the $34 range. The stock closed Jan 10, 2019's trading session at $33.65.A

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