Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Oil States International (OIS) Trading Near $32.32 Resistance Level

Apr 21, 2017 ( via COMTEX) --

For a hedged play on Oil States International (<a href="">OIS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 15, 2017 $30 covered call for a net debit in the $28.15 area. That is also the break-even stock price for the covered call. This trade will return 6.57%, or 16.31% annualized (for comparison purposes only), in 147 days. This covered call also provides 11.61% 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 $31.12 and resistance in the $32.32 range. The stock closed Apr 20, 2017's trading session at $31.85.A

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Monday, 04-17-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 49.37
Nat Gas 3.063
Corn 365
Cotton #2 78.79
Gold 1278.6
Copper 2.5510
Euro 1.08935
USD Index 98.960
SP500 E-mini 2369.25
DJIA E-mini 20700