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South State Cp (SSB) Trading Near $82 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on South State Cp (<a href="">SSB</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $80 covered call for a net debit in the $76.20 area. That is also the break-even stock price for the covered call. This trade will return 4.98%, or 8.12% annualized (for comparison purposes only), in 224 days. This covered call also provides 9.50% downside protection. The current 52-week low is $78.60 and the 52-week high is $94.50. South State Cp stock has been showing support around $82 and resistance in the $88.50 range. The stock closed Feb 8, 2018's trading session at $84.19.A

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