Posted: Thursday, July 17, 2014 8:00 AM ET
After Wednesday's trading in Biotech Holders (BBH) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 3.55% return, or 19.95% annualized (for comparison purposes only), while providing 4.37% downside protection.
The trade is a Sep. '14 covered call at the $93.00 level for a net debit of about $89.81. The net debit is also the breakeven point for this trade.
Technical indicators for the fund have been bearish and support and resistance have been in the area of $92.34 and $96.38, respectively.
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