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Potential RBC Bearings (ROLL) Trade Has 4.55% Downside Protection

Feb 09, 2018 ( via COMTEX) --

For a hedged play on RBC Bearings (<a href="">ROLL</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $115 covered call for a net debit in the $110.95 area. That is also the break-even stock price for the covered call. This trade will return 3.65%, or 38.06% annualized (for comparison purposes only), in 35 days. This covered call also provides 4.55% downside protection. The current 52-week low is $88.70 and the 52-week high is $139.95. RBC Bearings stock has been showing support around $112.42 and resistance in the $123.90 range. The stock closed Feb 8, 2018's trading session at $116.25.A

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