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Oil Service Holdrs Trust (OIH) Showing Bearish Technicals

Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Oil Service Holdrs Trust (<a href="http://www.marketintelligencecenter.com/symbol/OIH">OIH</a>) today after it closed at $30.57 on Mar 17, 2017. For more conservative investors, look at a covered call using the Jul 21, 2017 $30 call for a net debit of about $28.28. This trade will return 6.04% (17.92% annualized, for comparison purposes only) as long as the stock closes above $30 at expiration. Oil Service Holdrs TrustAcan fall 7.48% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 19, 2018 $23 call taking the place of the long stock position and the same short position in the Jul 21, 2017 $30 call. This trade only costs about $6.25 to get into and the rate of return increases to 11.82% (17.92% annualized, for comparison purposes only) but the downside protection falls to 4.30%.

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