For a hedged play on Healthequity (HQY), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Jun 15, 2018 $70 covered call for a net debit in the $67.98 area. That is also the break-even stock price for the covered call. This trade will return 2.95%, or 37.20% annualized (for comparison purposes only), in 29 days. This covered call also provides 5.16% downside protection.
The current 52-week low is $40.21 and the 52-week high is $72.27. Healthequity stock has been showing support around $70.56 and resistance in the $72.56 range. The stock closed May 16, 2018's trading session at $71.69.