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Potential Childrens Place Retail Stores (PLCE) Trade Has 6.55% Downside Protection

Jan 03, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Childrens Place Retail Stores (<a href="http://www.marketintelligencecenter.com/symbol/PLCE">PLCE</a>) could yield about 3.75% (31.16% annualized, for comparison purposes only) in 44 days. Pair a long position in the stock with the Feb 16, 2018 $145 call for a net debit of about $139.75. This position also has 6.55% downside protection. Childrens Place Retail Stores closed at $149.55 Jan 2, 2018. Technical indicators for PLCE are bearish and support and resistance have been about $144.45 and $152.75, respectively.A

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