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Lumber Liquidators (LL) Trading Near $23.05 Support Level

Feb 13, 2018 ( via COMTEX) --

After Feb 12, 2018aEUR(TM)s trading in Lumber Liquidators (<a href="">LL</a>)'s option trade-picking algorithms uncovered a trade that offers a 11.76% or 23.20% (for comparison purposes only), while providing 23.27% downside protection. The trade is a Aug 17, 2018 covered call at the $21 level for a net debit of about $18.78. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $10 level. By buying the call for $15.40 instead of paying about $24.48 for the stock, the assigned return rate for this alternate trade is 13.40%, but the stock has to finish above $19.69 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $23.05 and $26.61, respectively.

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