Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Mirati Therapeutics (MRTX) Trade Has 33.95% Downside Protection

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

For a hedged play on Mirati Therapeutics (<a href="http://www.marketintelligencecenter.com/symbol/MRTX">MRTX</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $20 covered call for a net debit in the $17.70 area. That is also the break-even stock price for the covered call. This trade will return 12.99%, or 21.17% annualized (for comparison purposes only), in 224 days. This covered call also provides 33.95% downside protection. The current 52-week low is $2.70 and the 52-week high is $30.50. Mirati Therapeutics stock has been showing support around $24.27 and resistance in the $31.77 range. The stock closed Feb 8, 2018's trading session at $26.79.A

(C) Copyright 2018, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 62.72
Nat Gas 2.608
Corn 367 2/8
Cotton #2 79.77
Gold 1330.1
Copper 3.2165
Euro 1.23160
USD Index 89.865
SP500 E-mini 2716.75
DJIA E-mini 25072
close_icon
open_icon