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Sangamo Biosciences (SGMO) Trading Near $18.58 Resistance Level

Jan 03, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Sangamo Biosciences (<a href="">SGMO</a>) today after it closed at $17.54 on Jan 2, 2018. For more conservative investors, look at a covered call using the Aug 17, 2018 $12 call for a net debit of about $10.75. This trade will return 11.62% (18.77% annualized, for comparison purposes only) as long as the stock closes above $12 at expiration. Sangamo Biosciences can fall 38.74% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $5 call taking the place of the long stock position and the same short position in the Aug 17, 2018 $12 call. This trade only costs about $6.60 to get into and the rate of return increases to 6.06% (18.77% annualized, for comparison purposes only) but the downside protection falls to 33.90%.

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