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Territorial Bancorp (TBNK) Trading Near $29.67 Support Level

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Territorial Bancorp (<a href="">TBNK</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $29.70 covered call for a net debit in the $28.71 area. That is also the break-even stock price for the covered call. This trade will return 3.44%, or 7.81% annualized (for comparison purposes only), in 161 days. This covered call also provides 4.80% downside protection. The current 52-week low is $28.12 and the 52-week high is $33.97. Territorial Bancorp stock has been showing support around $29.67 and resistance in the $31.15 range. The stock closed Feb 8, 2018's trading session at $30.15.A

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