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Potential World Acceptance (WRLD) Trade Has 8.87% Downside Protection

Dec 07, 2017 ( via COMTEX) --

For a hedged play on World Acceptance (<a href="">WRLD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $75 covered call for a net debit in the $72.88 area. That is also the break-even stock price for the covered call. This trade will return 2.90%, or 24.69% annualized (for comparison purposes only), in 43 days. This covered call also provides 8.87% downside protection. The current 52-week low is $42.01 and the 52-week high is $88.26. World Acceptance stock has been showing support around $77.88 and resistance in the $82.70 range. The stock closed Dec 6, 2017's trading session at $79.98.A

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