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Opus Bank (OPB) Showing Bearish Technicals With Resistance At $27.47

Dec 07, 2017 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Opus Bank (<a href="">OPB</a>). Look at the Jul 20, 2018 $25 covered call for a net debit in the $23.65 area.<br /> <br /> This trade has a duration of 225 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.56% downside protection. If the stock closes at or above $25 at expiration this trade will return 5.70% or 9.26% (for comparison purposes only). <br /> <br /> OPB closed Dec 6, 2017's trading session at $27.04. In the past year, the stock has hit a 52-week low of $18.45 and 52-week high of $30.60. Opus Bank stock has been showing support around $26.82 and resistance in the $27.47 range. Recent technical indicators for the stock are bearish.

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