Potential Textron (TXT) Trade Has 8.97% Downside Protection

A covered call identified by MarketIntelligececenter.com's patented algorithm on Textron (TXT) could yield about 3.16% (18.32% annualized, for comparison purposes only) in 63 days. Pair a long position in the stock with the Mar 15, 2019 $45 call for a net debit of about $43.62. This position also has 8.97% downside protection.

Textron closed at $47.91 Jan 10, 2019. Technical indicators for TXT are bearish and support and resistance have been about $46.16 and $48.84, respectively. 

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