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Potential Kaiser Aluminum (KALU) Trade Targets 2.98% Return

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Kaiser Aluminum (<a href="">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

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