United rentals

United Rentals (URI) – Covered Call Trade

STRATEGY:  Look at the December 22 covered call. For each 100 shares of United Rentals (URI) stock you buy, sell one December 22 covered call option for a 20.46 (24.81 – 4.35) debit or better. That’s potentially a 7.5% assigned return. The technicals for URI are bearish with a weak downward trend. The stock is under accumulation with support …

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