Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Steel Dynamics (STLD) Showing Support Near $36.41

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

After Nov 9, 2017aEUR(TM)s trading in Steel Dynamics (<a href="http://www.marketintelligencecenter.com/symbol/STLD">STLD</a>) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 2.59% return or 27.04% on an annualized basis (for comparison purposes only), while providing 5.64% downside protection. The trade is a Dec 15, 2017 covered call at the $36 level for a net debit of about $35.08. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $18 level. By buying the call for $19.25 instead of paying about $37.18 for the stock, the assigned return rate for this alternate trade is 4.95%, but the stock has to finish above $35.14 when the sold call expires for this trade to be profitable. Standard & PooraEUR(TM)s has a 5 STARS (out of 5) strong buy ranking on Steel Dynamics. Technical indicators for the stock have been bearish and support and resistance have been in the area of $36.41 and $37.91, respectively.

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 58.51
Nat Gas 2.921
Corn 345 2/8
Cotton #2 71.14
Gold 1289.8
Copper 3.1635
Euro 1.18560
USD Index 93.145
SP500 E-mini 2597.75
DJIA E-mini 23516
close_icon
open_icon