Allegiant Travel Com (ALGT) Trading Near $117.77 Support Level
Jan 14, 2019 (Marketintelligencecenter.com via COMTEX) —
TravelWireNews Chatroom for Readers (join us)
MarketIntelligenceCenter.com’s option-trade picking algorithms have identified an attractive covered-call trade on Allegiant Travel Com (<a href=”http://www.marketintelligencecenter.com/symbol/ALGT”>ALGT</a>). Look at the Feb 15, 2019 $120 covered call for a net debit in the $114.31 area.<br /> <br /> This trade has a duration of 32 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.75%. If the stock closes at or above $120 at expiration this trade will return 4.95% or 56.56% (for comparison purposes only). <br /> <br /> ALGT closed Jan 11, 2019’s trading session at $121.31. In the past year, the stock has hit a 52-week low of $98.18 and 52-week high of $181.45. Allegiant Travel Com stock has been showing support around $117.77 and resistance in the $123.93 range. Technical indicators for the stock are bearish and S&P gives ALGT 3 STARS (out of 5) hold ranking.
(C) Copyright 2019, Marketintelligencecenter.com. All rights reserved.