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Global Brass and Copper Holdin (BRSS) Trading Near $32.58 Support Level

Nov 14, 2017 ( 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 Apr 20, 2018 $30 covered call for a net debit in the $28.75 area. That is also the break-even stock price for the covered call. This trade will return 4.34%, or 10.10% annualized (for comparison purposes only), in 157 days. This covered call also provides 13.79% downside protection. The current 52-week low is $28 and the 52-week high is $39.85. Global Brass and Copper Holdin stock has been showing support around $32.58 and resistance in the $34.73 range. The stock closed Nov 13, 2017's trading session at $33.34.A

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