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Lumber Liquidators (LL) Showing Support Near $17.69

Mar 16, 2017 (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 $17 level. The Aug 18, 2017 call at that price should fetch a credit of about $2.70, which means the entire position has a net debit of about $15.81. This trade has 15.18% downside protection. Another option would be to buy the LL Jan 19, 2018 $8 call instead of holding a long position in the stock. This lowers the net debit to $7.70, but the position only has 15.18% downside protection. Technical indicators for the stock are bearish and Lumber Liquidators has a 52-week low of $10.86 and 52-week high of $20.10.

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