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Oil States International (OIS) Showing Bearish Technicals With Support At $32.03

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

For a hedged play on Oil States International (<a href="http://www.marketintelligencecenter.com/symbol/OIS">OIS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 15, 2017 $30 covered call for a net debit in the $28.10 area. That is also the break-even stock price for the covered call. This trade will return 6.75%, or 13.76% annualized (for comparison purposes only), in 179 days. This covered call also provides 14.06% downside protection. The current 52-week low is $27.07 and the 52-week high is $41.75. Oil States International stock has been showing support around $32.03 and resistance in the $33.33 range. The stock closed Mar 17, 2017's trading session at $32.70.A

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