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Potential OraSure Technologies (OSUR) Trade Has 21.93% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on OraSure Technologies (<a href="">OSUR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $15 covered call for a net debit in the $13.17 area. That is also the break-even stock price for the covered call. This trade will return 13.89%, or 22.54% annualized (for comparison purposes only), in 225 days. This covered call also provides 21.93% downside protection. The current 52-week low is $8.39 and the 52-week high is $23.01. OraSure Technologies stock has been showing support around $16.15 and resistance in the $17.33 range. The stock closed Dec 6, 2017's trading session at $16.87.A

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