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Global Brass and Copper Holdin (BRSS) Trading Near $32.52 Resistance Level

Jul 12, 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 Oct 19, 2018 $30 covered call for a net debit in the $28.84 area. That is also the break-even stock price for the covered call. This trade will return 3.98%, or 14.69% annualized (for comparison purposes only), in 99 days. This covered call also provides 9.70% 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 $31.42 and resistance in the $32.52 range. The stock closed Jul 11, 2018's trading session at $31.95.A

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