Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Kaiser Aluminum (KALU) Trade Targets 2.98% Return

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Kaiser Aluminum (<a href="http://www.marketintelligencecenter.com/symbol/KALU">KALU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $95 covered call for a net debit in the $92.25 area. That is also the break-even stock price for the covered call. This trade will return 2.98%, or 10.99% annualized (for comparison purposes only), in 99 days. This covered call also provides 6.77% 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 $96.54 and resistance in the $100.50 range. The stock closed Dec 6, 2017's trading session at $98.94.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 57.55
Nat Gas 2.694
Corn 348 4/8
Cotton #2 75.91
Gold 1261.7
Copper 3.1265
Euro 1.17905
USD Index 93.250
SP500 E-mini 2692.25
DJIA E-mini 24834
close_icon
open_icon