For a hedged play on Technology Alphadex First Trust (FXL), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Jun 15, 2018 $54 covered call for a net debit in the $52.82 area. That is also the break-even stock price for the covered call. This trade will return 2.23%, or 7.08% annualized (for comparison purposes only), in 115 days. This covered call also provides 3.37% downside protection.
The current 52-week low is $40.76 and the 52-week high is $56.56. Technology Alphadex First Trust stock has been showing support around $54.32 and resistance in the $55.38 range. The stock closed Feb 16, 2018's trading session at $54.64.