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Kaiser Aluminum (KALU) Trading Near $93.29 Support Level

Nov 29, 2017 ( via COMTEX) --

For a hedged play on Kaiser Aluminum (<a href="">KALU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $95 covered call for a net debit in the $92.54 area. That is also the break-even stock price for the covered call. This trade will return 2.65%, or 19.02% annualized (for comparison purposes only), in 51 days. This covered call also provides 3.64% downside protection. The current 52-week low is $74.56 and the 52-week high is $108.99. Kaiser Aluminum stock has been showing support around $93.29 and resistance in the $97.53 range. The stock closed Nov 28, 2017's trading session at $96.04.A

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