For a hedged play on Nasdaq-100 EW Index Fund FT (QQEW), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Apr 20, 2018 $55 covered call for a net debit in the $53.86 area. That is also the break-even stock price for the covered call. This trade will return 2.09%, or 3.61% annualized (for comparison purposes only), in 212 days. This covered call also provides 2.70% downside protection.
The current 52-week low is $43.80 and the 52-week high is $55.66. Nasdaq-100 EW Index Fund FT stock has been showing support around $55.14 and resistance in the $55.65 range. The stock closed Sep 19, 2017's trading session at $55.36.