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Potential SP Plus Corp (SP) Trade Has 9.22% Downside Protection

Nov 10, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on SP Plus Corp (<a href="">SP</a>) could yield about 4.63% (10.50% annualized, for comparison purposes only) in 161 days. Pair a long position in the stock with the Apr 20, 2018 $35 call for a net debit of about $33.45. This position also has 9.22% downside protection. SP Plus Corp closed at $36.84 Nov 9, 2017. Technical indicators for SP are bearish and support and resistance have been about $35.68 and $37.58, respectively.A

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