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Virtusa Corp (VRTU) Trading Near $41.70 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Virtusa Corp (<a href="http://www.marketintelligencecenter.com/symbol/VRTU">VRTU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $45 covered call for a net debit in the $43.87 area. That is also the break-even stock price for the covered call. This trade will return 2.55%, or 26.61% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.28% downside protection. The current 52-week low is $25.72 and the 52-week high is $48.71. Virtusa Corp stock has been showing support around $41.70 and resistance in the $50.28 range. The stock closed Feb 8, 2018's trading session at $46.33.A

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