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Global Brass and Copper Holdin (BRSS) Trading Near $31.28 Resistance Level

May 15, 2018 ( via COMTEX) --

For a hedged play on Global Brass and Copper Holdin (<a href="">BRSS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $30 covered call for a net debit in the $28.80 area. That is also the break-even stock price for the covered call. This trade will return 4.16%, or 23.04% annualized (for comparison purposes only), in 66 days. This covered call also provides 5.41% downside protection. The current 52-week low is $27.50 and the 52-week high is $36.50. Global Brass and Copper Holdin stock has been showing support around $29.98 and resistance in the $31.28 range. The stock closed May 14, 2018's trading session at $30.45.A

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