For a hedged play on Herbalife (HLF), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Jun 15, 2018 $55 covered call for a net debit in the $53.64 area. That is also the break-even stock price for the covered call. This trade will return 2.51%, or 31.67% annualized (for comparison purposes only), in 29 days. This covered call also provides 2.54% downside protection.
The current 52-week low is $30.35 and the 52-week high is $56.74. Herbalife stock has been showing support around $54.24 and resistance in the $56.04 range. The stock closed May 16, 2018's trading session at $55.04.