Potential Allegiant Travel Com (ALGT) Trade Has 5.18% Downside Protection
Dec 07, 2018 (Marketintelligencecenter.com via COMTEX) —
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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 Jan 18, 2019 $135 covered call for a net debit in the $128.12 area.<br /> <br /> This trade has a duration of 42 days. The break-even point of this trade is the same as the net debit, which gives this trade 5.18%. If the stock closes at or above $135 at expiration this trade will return 5.36% or 46.59% (for comparison purposes only). <br /> <br /> ALGT closed Dec 6, 2018’s trading session at $135.13. In the past year, the stock has hit a 52-week low of $105.21 and 52-week high of $181.45. Allegiant Travel Com stock has been showing support around $126.10 and resistance in the $139.77 range. Technical indicators for the stock are bearish and S&P gives ALGT 3 STARS (out of 5) hold ranking.
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