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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $32.74

Oct 11, 2017 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Lumber Liquidators (<a href="http://www.marketintelligencecenter.com/symbol/LL">LL</a>) today after it closed at $34.22 on Oct 10, 2017. For more conservative investors, look at a covered call using the Feb 16, 2018 $34 call for a net debit of about $30.52. This trade will return 11.36% (32.41% annualized, for comparison purposes only) as long as the stock closes above $34 at expiration. Lumber LiquidatorsAcan fall 10.80% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $17 call taking the place of the long stock position and the same short position in the Feb 16, 2018 $34 call. This trade only costs about $15.19 to get into and the rate of return increases to 11.84% (32.41% annualized, for comparison purposes only) but the downside protection falls to 5.93%.

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