Potential Allegiant Travel Com (ALGT) Trade Targets 2.43% Return
Sep 14, 2018 (Marketintelligencecenter.com via COMTEX) —
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For a hedged play on Allegiant Travel Com (<a href=”http://www.marketintelligencecenter.com/symbol/ALGT”>ALGT</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Oct 19, 2018 $120 covered call for a net debit in the $117.15 area. That is also the break-even stock price for the covered call. This trade will return 2.43%, or 25.37% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.10% downside protection. The current 52-week low is $117.95 and the 52-week high is $181.45. Allegiant Travel Com stock has been showing support around $120.52 and resistance in the $126.42 range. The stock closed Sep 13, 2018’s trading session at $123.44.A
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