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Potential Primoris Services Cp (PRIM) Trade Has 7.06% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Primoris Services Cp (<a href="">PRIM</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $27.50 covered call for a net debit in the $26.30 area. That is also the break-even stock price for the covered call. This trade will return 4.56%, or 16.82% annualized (for comparison purposes only), in 99 days. This covered call also provides 7.06% downside protection. The current 52-week low is $21.83 and the 52-week high is $30. Primoris Services Cp stock has been showing support around $27.75 and resistance in the $28.74 range. The stock closed Dec 6, 2017's trading session at $28.29.A

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