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Global Brass and Copper Holdin (BRSS) Trading Near $35.07 Resistance Level

Jan 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 Jul 20, 2018 $30 covered call for a net debit in the $28.60 area. That is also the break-even stock price for the covered call. This trade will return 4.89%, or 9.45% annualized (for comparison purposes only), in 189 days. This covered call also provides 15.13% downside protection. The current 52-week low is $28.10 and the 52-week high is $39.85. Global Brass and Copper Holdin stock has been showing support around $32.07 and resistance in the $35.07 range. The stock closed Jan 11, 2018's trading session at $33.70.A

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