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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $18.75

Mar 20, 2017 ( via COMTEX) --

Lumber Liquidators (<a href="">LL</a>) closed Mar 17, 2017 at $19.28 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Lumber Liquidators for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 19, 2018 $8 call and a short position in the Aug 18, 2017 $18 call for a net debit of about $8.43. This trade has an assigned return of 18.33% and 14.72% downside protection. For more a more conservative play, look at a covered call using the Aug 18, 2017 $18 call for a $8.43 net debit. This trade has an assigned return of 7.83% but the downside protection increases to 13.47%. Over the last 52 weeks the stock has traded between $11.07 and $20.10.A

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