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Potential Territorial Bancorp (TBNK) Trade Has 4.13% Downside Protection

Nov 10, 2017 ( via COMTEX) --

For a hedged play on Territorial Bancorp (<a href="">TBNK</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Apr 20, 2018 $30 covered call for a net debit in the $29.01 area. That is also the break-even stock price for the covered call. This trade will return 3.41%, or 7.73% annualized (for comparison purposes only), in 161 days. This covered call also provides 4.13% downside protection. The current 52-week low is $28.12 and the 52-week high is $34. Territorial Bancorp stock has been showing support around $29.67 and resistance in the $30.72 range. The stock closed Nov 9, 2017's trading session at $30.26.A

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