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Potential Kaiser Aluminum (KALU) Trade Has 6.95% Downside Protection

Nov 07, 2017 ( via COMTEX) --

For a hedged play on Kaiser Aluminum (<a href="">KALU</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $95 covered call for a net debit in the $90.93 area. That is also the break-even stock price for the covered call. This trade will return 4.47%, or 12.66% annualized (for comparison purposes only), in 129 days. This covered call also provides 6.95% downside protection. The current 52-week low is $72.60 and the 52-week high is $108.99. Kaiser Aluminum stock has been showing support around $96.42 and resistance in the $99.86 range. The stock closed Nov 6, 2017's trading session at $97.73.A

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