Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Lumber Liquidators (LL) Showing Support Near $17.69

Mar 16, 2017 ( via COMTEX) --

Lumber Liquidators (<a href="">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.

(C) Copyright 2017, All rights reserved. ********************************************************************** As of Sunday, 03-12-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 48.49
Nat Gas 3.228
Corn 359 4/8
Cotton #2 76.56
Gold 1253.0
Copper 2.6665
Euro 1.08010
USD Index 99.855
SP500 E-mini 2352.50
DJIA E-mini 20620