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Otter Tail Corp (OTTR) Trading Near $46.97 Resistance Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Otter Tail Corp (<a href="http://www.marketintelligencecenter.com/symbol/OTTR">OTTR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $45 covered call for a net debit in the $43.64 area. That is also the break-even stock price for the covered call. This trade will return 3.09%, or 7.01% annualized (for comparison purposes only), in 161 days. This covered call also provides 4.69% downside protection. The current 52-week low is $33.45 and the 52-week high is $47.45. Otter Tail Corp stock has been showing support around $43.87 and resistance in the $46.97 range. The stock closed Nov 9, 2017's trading session at $45.79.A

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