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Potential Nasdaq 100 EW Index Direxion (QQQE) Trade Has 4.03% Downside Protection

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Nasdaq 100 EW Index Direxion (<a href="">QQQE</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jun 15, 2018 $42 covered call for a net debit in the $40.44 area. That is also the break-even stock price for the covered call. This trade will return 3.83%, or 11.10% annualized (for comparison purposes only), in 126 days. This covered call also provides 4.03% downside protection. The current 52-week low is $36.97 and the 52-week high is $47.01. Nasdaq 100 EW Index Direxion stock has been showing support around $40.93 and resistance in the $44.59 range. The stock closed Feb 8, 2018's trading session at $42.15.A

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