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Potential Global Brass and Copper Holdin (BRSS) Trade Has 14.74% Downside Protection

Dec 06, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Global Brass and Copper Holdin (<a href="http://www.marketintelligencecenter.com/symbol/BRSS">BRSS</a>) could yield about 3.80% (6.14% annualized, for comparison purposes only) in 226 days. Pair a long position in the stock with the Jul 20, 2018 $30 call for a net debit of about $28.89. This position also has 14.74% downside protection. Global Brass and Copper Holdin closed at $33.90 Dec 5, 2017. Technical indicators for BRSS are bearish and support and resistance have been about $33.43 and $34.83, respectively.A

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