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SVB Financial Group (SIVB) Trading Near $231.89 Support Level

Jan 03, 2018 ( via COMTEX) --'s option-trade picking algorithms have identified an attractive covered-call trade on SVB Financial Group (<a href="">SIVB</a>). Look at the Feb 16, 2018 $230 covered call for a net debit in the $223.18 area.<br /> <br /> This trade has a duration of 44 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.98%. If the stock closes at or above $230 at expiration this trade will return 3.05% or 25.34% (for comparison purposes only). <br /> <br /> SIVB closed Jan 2, 2018's trading session at $237.38. In the past year, the stock has hit a 52-week low of $159.44 and 52-week high of $242.92. SVB Financial Group stock has been showing support around $231.89 and resistance in the $240.29 range. Technical indicators for the stock are bearish and S&P gives SIVB 3 STARS (out of 5) hold ranking.

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