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Trimas Corp (TRS) Trading Near $26.22 Resistance Level

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Trimas Corp (<a href="">TRS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $25 covered call for a net debit in the $23.70 area. That is also the break-even stock price for the covered call. This trade will return 5.48%, or 15.88% annualized (for comparison purposes only), in 126 days. This covered call also provides 6.50% downside protection. The current 52-week low is $19.75 and the 52-week high is $28.85. Trimas Corp stock has been showing support around $24.82 and resistance in the $26.22 range. The stock closed Nov 9, 2017's trading session at $25.35.A

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