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Oil Service Holdrs Trust (OIH) Trading Near $29.42 Resistance Level

Apr 21, 2017 ( via COMTEX) --

MarketIntelligenceCenter.comaEUR(TM)s patented algorithms have chosen the Jul 21, 2017 $29 call for a couple of hedged-trading ideas on Oil Service Holdrs Trust (<a href="">OIH</a>). A traditional covered call on Oil Service Holdrs Trust yields 6.07% (24.35% annualized, for comparison purposes only) and provides 5.82% downside protection. For those looking for a higher return and who can tolerate more risk, consider buying the Jan 19, 2018 $21 call and then selling the Jul 21, 2017 $29 call for a net debit of $7. This trade has a potential return of 14.12% (24.35% annualized, for comparison purposes only), but also carries a greater potential for losses.

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