Potential Allegiant Travel Com (ALGT) Trade Has 4.62% Downside Protection
Mar 14, 2019 (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 patented trade-picking algorithms recommend the Apr 18, 2019 $125 covered call for a net debit in the $121.78 area. That is also the break-even stock price for the covered call. This trade will return 2.63%, or 27.48% annualized (for comparison purposes only), in 35 days. This covered call also provides 4.62% downside protection. The current 52-week low is $98.18 and the 52-week high is $181.45. Allegiant Travel Com stock has been showing support around $123.61 and resistance in the $130.26 range. The stock closed Mar 13, 2019’s trading session at $127.69. Technical indicators for the stock are bearish and S&P gives ALGT a 3 STARS (out of 5) hold ranking.
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