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Sarepta Therapeutics (SRPT) Showing Bearish Technicals With Support At $54.32

Feb 09, 2018 ( via COMTEX) --

After Feb 8, 2018aEUR(TM)s trading in Sarepta Therapeutics (<a href="">SRPT</a>)'s option trade-picking algorithms uncovered a trade that offers a 10.84% or 56.53% (for comparison purposes only), while providing 13.20% downside protection. The trade is a Apr 20, 2018 covered call at the $55 level for a net debit of about $49.62. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $20 level. By buying the call for $38.89 instead of paying about $57.16 for the stock, the assigned return rate for this alternate trade is 11.64%, but the stock has to finish above $51.34 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $54.32 and $62.80, respectively.

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