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Lumber Liquidators (LL) Showing Bearish Technicals With Resistance At $37.42

Oct 10, 2017 ( 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 $35.79 on Oct 9, 2017. For more conservative investors, look at a covered call using the Jan 19, 2018 $35 call for a net debit of about $31.89. This trade will return 9.71% (35.11% annualized, for comparison purposes only) as long as the stock closes above $35 at expiration. Lumber Liquidators can fall 10.89% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $13 call taking the place of the long stock position and the same short position in the Jan 19, 2018 $35 call. This trade only costs about $20.10 to get into and the rate of return increases to 9.45% (35.11% annualized, for comparison purposes only) but the downside protection falls to 7.54%.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Friday, 10-06-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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