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Lumber Liquidators (LL) Trading Near $22.05 Support Level

Apr 13, 2018 ( via COMTEX) --

Lumber Liquidators (<a href="">LL</a>) is a good candidate for a covered call at the $20 level. The Nov 16, 2018 call at that price should fetch a credit of about $5.09, which means the entire position has a net debit of about $17.78. This trade has 16.33% downside protection. Technical indicators for the stock are bearish and Lumber Liquidators has a 52-week low of $19.46 and 52-week high of $41.33.

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