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Potential Sun Hydraulics Cor (SNHY) Trade Has 8.64% Downside Protection

Nov 10, 2017 ( via COMTEX) --

A covered call identified by's patented algorithm on Sun Hydraulics Cor (<a href="">SNHY</a>) could yield about 4.12% (11.95% annualized, for comparison purposes only) in 126 days. Pair a long position in the stock with the Mar 16, 2018 $55 call for a net debit of about $52.82. This position also has 8.64% downside protection. Sun Hydraulics Cor closed at $57.81 Nov 9, 2017. Technical indicators for SNHY are bearish and support and resistance have been about $56.23 and $59.35, respectively.A

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