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Tech Data (TECD) Trading Near $89.97 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Tech Data (<a href="">TECD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $90 covered call for a net debit in the $86.45 area. That is also the break-even stock price for the covered call. This trade will return 4.09%, or 42.69% annualized (for comparison purposes only), in 35 days. This covered call also provides 6.18% downside protection. The current 52-week low is $81.42 and the 52-week high is $111.10. Tech Data stock has been showing support around $89.97 and resistance in the $96.41 range. The stock closed Feb 8, 2018's trading session at $92.16.A

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