Allegiant Travel Com (ALGT) Showing Bearish Technicals With Support At $119.10
Nov 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 Dec 21, 2018 $120 covered call for a net debit in the $116.27 area. That is also the break-even stock price for the covered call. This trade will return 3.20%, or 31.64% annualized (for comparison purposes only), in 37 days. This covered call also provides 4.59% downside protection. The current 52-week low is $105.21 and the 52-week high is $181.45. Allegiant Travel Com stock has been showing support around $119.10 and resistance in the $126.16 range. The stock closed Nov 13, 2018’s trading session at $121.87.A
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