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Ubiquiti Networks (UBNT) Trading Near $70.86 Resistance Level

Mar 08, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Ubiquiti Networks (<a href="">UBNT</a>) today after it closed at $69.33 on Mar 7, 2018. For more conservative investors, look at a covered call using the Jun 15, 2018 $65 call for a net debit of about $60.62. This trade will return 7.20% (26.57% annualized, for comparison purposes only) as long as the stock closes above $65 at expiration. Ubiquiti Networks can fall 12.54% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $45 call taking the place of the long stock position and the same short position in the Jun 15, 2018 $65 call. This trade only costs about $17.60 to get into and the rate of return increases to 13.63% (26.57% annualized, for comparison purposes only) but the downside protection falls to 9.70%.

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