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Oil Service Holdrs Trust (OIH) Showing Bearish Technicals With Support At $26.48

May 19, 2017 ( via COMTEX) --

For a hedged play on Oil Service Holdrs Trust (<a href="">OIH</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Jul 21, 2017 $27 covered call for a net debit in the $25.89 area. That is also the break-even stock price for the covered call. This trade will return 4.28%, or 24.83% annualized (for comparison purposes only), in 63 days. This covered call also provides 5.30% downside protection. A lower-cost play on Oil Service Holdrs Trust would use a longer term call option in place of the long position in the stock. Look at the Jan 19, 2018 $19 call and the same sold call for a net debit of $7.29.This trade only has 3.80% downside protection, but the assigned return rate rises to 9.58% or an annualized rate of 55.55% (for comparison purposes only). The current 52-week low is $26.10 and the 52-week high is $36.35. Oil Service Holdrs Trust stock has been showing support around $26.48 and resistance in the $27.96 range. The stock closed May 18, 2017's trading session at $27.34.A

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