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Lumber Liquidators (LL) Showing Bearish Technicals

Apr 16, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Lumber Liquidators (<a href="">LL</a>) today after it closed at $22.53 on Apr 13, 2018. For more conservative investors, look at a covered call using the Nov 16, 2018 $20 call for a net debit of about $17.73. This trade will return 12.73% (21.71% annualized, for comparison purposes only) as long as the stock closes above $20 at expiration. Lumber Liquidators can fall 21.28% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $15 call taking the place of the long stock position and the same short position in the Nov 16, 2018 $20 call. This trade only costs about $4 to get into and the rate of return increases to 25% (21.71% annualized, for comparison purposes only) but the downside protection falls to 15.68%.

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