Viavi Solutions (VIAV) Trading Near $9.51 Support Level

After Dec 6, 2018’s trading in Viavi Solutions (VIAV) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 13.37% or 12.02% (for comparison purposes only), while providing 17.26% downside protection.

The trade is a Jan 17, 2020 covered call at the $10 level for a net debit of about $8.82. The net debit is also the breakeven point for this trade.

Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $9.51 and $11.25, respectively.

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