Mar 21, 2017 (Marketintelligencecenter.com via COMTEX) --
After Mar 17, 2017aEUR(TM)s trading in S&P Oil & Gas Equipment & Services SPDR (<a href="http://www.marketintelligencecenter.com/symbol/XES">XES</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 5.32% or 22.07% (for comparison purposes only), while providing 7.91% downside protection. The trade is a Jun 16, 2017 covered call at the $19 level for a net debit of about $18.03. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $19.36 and $20, respectively.
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