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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $23.12

Jun 12, 2018 (Marketintelligencecenter.com via COMTEX) --

Lumber Liquidators (<a href="http://www.marketintelligencecenter.com/symbol/LL">LL</a>) is a good candidate for a covered call at the $22 level. The Aug 17, 2018 call at that price should fetch a credit of about $3.70, which means the entire position has a net debit of about $21.06. This trade has 12.35% downside protection. Another option would be to buy the LL Jan 18, 2019 $13 call instead of holding a long position in the stock. This lowers the net debit to $8.69, but the position only has 12.35% downside protection. Technical indicators for the stock are bearish and Lumber Liquidators has a 52-week low of $19.41 and 52-week high of $41.33.

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