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Potential Otter Tail Corp (OTTR) Trade Has 5.03% Downside Protection

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Otter Tail Corp (<a href="">OTTR</a>) could yield about 3.35% (9.14% annualized, for comparison purposes only) in 134 days. Pair a long position in the stock with the Jul 20, 2018 $40 call for a net debit of about $38.70. This position also has 5.03% downside protection. Otter Tail Corp closed at $40.75 Mar 7, 2018. Technical indicators for OTTR are bearish and support and resistance have been about $39.62 and $41.42, respectively.A

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