For a hedged play on S&P 500 Aristocrats Proshares (NOBL), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Oct 19, 2018 $64 covered call for a net debit in the $62.57 area. That is also the break-even stock price for the covered call. This trade will return 2.25%, or 3.74% annualized (for comparison purposes only), in 221 days. This covered call also provides 3.46% downside protection.
The current 52-week low is $55.69 and the 52-week high is $67.98. S&P 500 Aristocrats Proshares stock has been showing support around $63.78 and resistance in the $65.38 range. The stock closed Mar 9, 2018's trading session at $64.81.