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Lumber Liquidators (LL) Showing Bearish Technicals With Support At $35.69

Sep 12, 2017 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Lumber Liquidators (<a href="">LL</a>) today after it closed at $37.81 on Sep 11, 2017. For more conservative investors, look at a covered call using the Nov 17, 2017 $35 call for a net debit of about $33.02. This trade will return 5.99% (33.16% annualized, for comparison purposes only) as long as the stock closes above $35 at expiration. Lumber LiquidatorsAcan fall 12.69% 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 Nov 17, 2017 $35 call. This trade only costs about $20.69 to get into and the rate of return increases to 6.28% (33.16% annualized, for comparison purposes only) but the downside protection falls to 10.89%.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Friday, 09-08-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system,

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